Investment manager Franklin Resources, Inc. ( BEN ) on Wednesday saw its rating and price target boosted by analysts at Ticonderoga Securities.
The firm said it upgraded BEN from "Neutral" to "Buy" with a $145 price target. That new target suggests a potential 18% upside to the stock's Tuesday closing price of $122.47.
Franklin Resources shares were mostly flat in premarket trading Wednesday.
The Bottom Line
Shares of Franklin Resources ( BEN ) have a .82% dividend yield, based on last night's closing stock price of $122.47. The stock has technical support in the $115-$120 price area. If the shares can firm up, we see overhead resistance around the $125-$130 price levels.
Franklin Resources, Inc. ( BEN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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