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Morgan Stanley Raises Franklin Resources (BEN) Target to $22, Keeps Underweight Rating
Yahoo Finance· 2026-02-11 14:56
Group 1 - Franklin Resources, Inc. (NYSE:BEN) is recognized among the Dividend Champions, Contenders, and Challengers List, highlighting its status as a high-yielding stock [1] - Morgan Stanley raised its price target for Franklin Resources to $22 from $21 while maintaining an Underweight rating, citing a 14% reduction in Q4 adjusted EPS estimates due to increased operating costs [2] - The firm has a more optimistic long-term outlook, increasing its 2026 adjusted EPS forecast by 6.3% and its 2027 estimate by 0.7%, driven by expectations of stronger fee income and improved non-operating investment returns [2] Group 2 - As of January 31, 2026, Franklin reported preliminary assets under management (AUM) of $1.71 trillion, an increase from $1.68 trillion at the end of December, attributed to favorable market conditions and approximately $1.5 billion in long-term net inflows [3] - Western Asset Management's preliminary AUM was $216 billion at the end of January, slightly down from $217 billion the previous month, with market gains offset by long-term outflows [4] - Franklin Resources operates globally under the Franklin Templeton name, providing investment strategies across various asset classes to clients in over 150 countries [4]