Morgan Stanley Sees Broader Turnaround Emerging at Franklin Resources (BEN)

With an annual dividend yield of 4.26%, Franklin Resources, Inc. (NYSE:BEN) is included among the 10 High Yield Stocks for Lasting Retirement Income.

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On May 7, Morgan Stanley upgraded Franklin Resources, Inc. (NYSE:BEN) to Equal Weight from Underweight. It raised its price target on the stock to $31 from $21. The firm said it is seeing early signs of a turnaround at the asset manager, with Western outflows beginning to ease and core flows continuing to improve. According to the analyst, Franklin has now posted nine straight quarters of inflows when excluding Western. Morgan Stanley added that it believes a broader turnaround is starting to take shape at the company.

A few days later, on May 13, Franklin Resources reported that total assets under management increased 6.3% month over month in April 2026 to $7.11T. The figures were based on data from nine U.S. asset managers that disclose monthly AUM results. Compared with the same period last year, total assets under management rose nearly 15%. The increase was supported by market appreciation.

Franklin Resources, Inc. (NYSE:BEN) is a global investment management company operating through its subsidiaries under the Franklin Templeton brand. The company serves clients in more than 150 countries.

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