Analyst Rating Update on Franklin Resources (BEN)

Franklin Resources (BEN) : The consensus on Franklin Resources (BEN) based on 9 analyst recommendation on the company stock is 3.33, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Franklin Resources (BEN).

Franklin Resources (BEN) stock is expected to deviate a maximum of $3.72 from the average target price of $33.88 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $38 and the most muted being $28.

Company shares have received an average consensus rating of Hold for the current week Also, Barclays maintains their rating on the shares of Franklin Resources (NYSE:BEN). The current rating of the shares is Underweight. Equity Analysts at the Firm lowers the price target to $30 per share from $31 per share. The rating by the firm was issued on July 29, 2016.


Franklin Resources (NYSE:BEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.09 and $35.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.64, notching a gain of 1.63% for the day. The total traded volume was 2,985,467 . The stock had closed at $35.07 on the previous day.

Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.

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