TD Cowen Maintains Buy Rating on Franklin Resources (BEN), Keeps $27 PT

From Yahoo Finance: 2025-06-05 23:15:00

TD Cowen reiterated a Buy rating on Franklin Resources (BEN) after the company’s AUM report, maintaining a price target of $27. AUM increased to $1.57 trillion as of May 31, with positive market conditions driving net inflows of $1 billion, despite outflows at Western Asset Management.

Katz remains optimistic about Franklin Resources (BEN), anticipating stronger core flows and a reduction in WAMCO-related run-off. The company, serving over 150 countries, offers equity, fixed-income, and multi-asset solutions for various types of investors through its brands.

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Read more: TD Cowen Maintains Buy Rating on Franklin Resources (BEN), Keeps $27 PT