05-07-2025
Evercore ISI Remains a Sell on Franklin Resources (BEN)
Evercore ISI analyst Glenn Schorr maintained a Sell rating on Franklin Resources on July 3 and set a price target of $24.00. The company's shares closed last Thursday at $24.88.
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Schorr covers the Financial sector, focusing on stocks such as BlackRock, Franklin Resources, and Invesco. According to TipRanks, Schorr has an average return of 10.8% and a 67.08% success rate on recommended stocks.
Franklin Resources has an analyst consensus of Hold, with a price target consensus of $21.17, which is a -14.91% downside from current levels. In a report released on July 2, Morgan Stanley also maintained a Sell rating on the stock with a $19.00 price target.
Based on Franklin Resources' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.11 billion and a net profit of $151.4 million. In comparison, last year the company earned a revenue of $2.13 billion and had a net profit of $124.2 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock. Most recently, in April 2025, Charles B. Johnson, a Major Shareholder at BEN sold 420.00 shares for a total of $7,379.40.
