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Analysts Offer Insights on Financial Companies: Franklin Resources (BEN) and Cipher Mining (CIFR)

Tipranks - Sat Mar 7, 6:14AM CST

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Franklin Resources (BENResearch Report) and Cipher Mining (CIFRResearch Report).

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Franklin Resources (BEN)

In a report released yesterday, Glenn Schorr from Evercore ISI maintained a Sell rating on Franklin Resources, with a price target of $28.00. The company’s shares closed last Thursday at $26.92, close to its 52-week high of $28.15.

According to TipRanks.com, Schorr is a 4-star analyst with an average return of 7.5% and a 57.6% success rate. Schorr covers the Financial sector, focusing on stocks such as Acadian Asset Management, Apollo Global Management, and Bank of New York Mellon. ;'>

Currently, the analyst consensus on Franklin Resources is a Moderate Sell with an average price target of $26.83.

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Cipher Mining (CIFR)

BTIG analyst Gregory Lewis reiterated a Buy rating on Cipher Mining today and set a price target of $25.00. The company’s shares closed last Thursday at $15.15.

According to TipRanks.com, Lewis is a 5-star analyst with an average return of 20.0% and a 54.2% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as FTAI Infrastructure Incorporation, Capital Clean Energy Carriers, and Nano Nuclear Energy Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cipher Mining with a $24.78 average price target, which is a 58.4% upside from current levels. In a report issued on February 24, Canaccord Genuity also maintained a Buy rating on the stock with a $27.00 price target.

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