Barclays raised the firm’s price target on Franklin Resources (BEN) to $26 from $25 and keeps an Underweight rating on the shares. The firm updated its asset manager models to reflect full quarterly flow and asset under management metrics ahead of the Q1 reports. Asset under management estimates fell due to negative markets in Q1, the analyst tells investors in a research note.
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Read More on BEN:
- Franklin Resources price target lowered to $27 from $28 at Evercore ISI
- Franklin Resources price target lowered to $33 from $36 at TD Cowen
- Franklin Resources reports preliminary AUM $1.68T at March 31
- Franklin Resources reports preliminary AUM $1.68T at February 28
- Franklin Resources price target lowered to $21 from $22 at BofA