Franklin Resources (BEN) Gets a Sell Rating from Barclays

By Jason Carr

In a report released yesterday, Jeremy Campbell from Barclays maintained a Sell rating on Franklin Resources (BENResearch Report), with a price target of $24.00. The company’s shares closed last Monday at $26.28, close to its 52-week low of $25.57.

According to TipRanks.com, Campbell is a 3-star analyst with an average return of 1.7% and a 53.2% success rate. Campbell covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Victory Capital Holdings Inc, and Virtus Investment Partners.

Currently, the analyst consensus on Franklin Resources is a Moderate Sell with an average price target of $28.25, representing a 7.5% upside. In a report issued on October 7, BMO Capital also initiated coverage with a Sell rating on the stock with a $16.00 price target.

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The company has a one-year high of $35.82 and a one-year low of $25.57. Currently, Franklin Resources has an average volume of 3.21M.

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Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners.