Jefferies analyst Daniel Fannon maintains $Franklin Resources (BEN.US)$ with a hold rating, and adjusts the target price from $21 to $22.
According to TipRanks data, the analyst has a success rate of 68.2% and a total average return of 12.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Franklin Resources (BEN.US)$'s main analysts recently are as follows:
The outlook for the brokers, asset managers, and exchanges sector in 2025 appears relatively positive, with the potential for a third consecutive year of 20% or more in total returns in the U.S. equity markets. Key thematic drivers include likely increases in capital markets activity, the possibilities of lighter regulation fostering product innovation and greater capital deployment, and the potential reduction of individual and corporate taxes.
Franklin Resources has undergone 'significant organic decay' over the years, impacting earnings negatively and resulting in multiple compression and substantial share price underperformance. It's anticipated that while outflows may continue, the rate of deterioration could diminish as we head towards 2025. The current stock valuation is viewed as having little scope for further decline.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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