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Franklin Resources Now Rated a “Buy” at Ticonderoga (BEN)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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