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Stock impact report

Evercore ISI Cuts Franklin Resources (BEN) Target, TD Cowen Also Lowers Estimates Ahead of Q1 [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Evercore ISI Cuts Franklin Resources (BEN) Target, TD Cowen Also Lowers Estimates Ahead of Q1 Photo by Annie Spratt on Unsplash On April 10, Evercore ISI lowered its price recommendation on Franklin Resources, Inc. (NYSE:BEN) to $27 from $28. It maintained an Underperform rating on the stock. A day earlier, on April 9, TD Cowen analyst Bill Katz also reduced his target on BEN, bringing it down to $33 from $36, while maintaining a Buy rating. The firm made broader adjustments across asset managers, broker-dealers, and exchanges as part of its Q1 preview. Earlier in the month, on April 1, Franklin Resources said it had agreed to acquire 250 Digital. The business will be folded into its newly created Franklin Crypto unit. The move points to a deeper push into digital assets. By bringing 250 Digital in-house, the firm is looking to build out actively managed crypto strategies for institutional clients. That goes beyond simple exposure through products like bitcoin ETFs. The compa Show less Read more
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