Goldman Sachs and Barclays Turn More Constructive on Franklin Resources (BEN) after Q2

Franklin Resources, Inc. (NYSE:BEN) is included among the 10 Best Large Cap Dividend Growth Stocks to Invest in.

Goldman Sachs and Barclays Turn More Constructive on Franklin Resources (BEN) after Q2

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On April 29, Goldman Sachs raised its price recommendation on Franklin Resources, Inc. (NYSE:BEN) to $34 from $30.50. It reiterated a Buy rating on the shares. Franklin Resources reported stronger-than-expected Q2 results, reflecting improving momentum in private markets fundraising and fee-related earnings, the analyst tells investors in a research note. The firm says the outlook is supported by accelerating organic growth, strong evergreen inflows, disciplined expense management, and a faster-than-expected path toward margin expansion. It also points to a more constructive long-term earnings trajectory relative to the current valuation.

On April 29, Barclays analyst Benjamin Budish upgraded BEN to Equal Weight from Underweight. It also set a price target of $31, up from $26. The company’s fiscal Q2 report was solid and represented a continuation of improving flows, raised guidance, and solid cost controls, the analyst tells investors in a research note. Barclays cites improving fundamentals for the upgrade of Franklin Resources.

Franklin Resources, Inc. (NYSE:BEN) is a global investment management company, with subsidiaries operating as Franklin Templeton and serving clients in more than 150 countries. Through its specialist investment managers, the company offers capabilities across equity, fixed income, alternatives, and multi-asset solutions.

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