Franklin Resources (BEN) has a long-standing history of reliability, having earned its Dividend Champion title. However, the stock underperformed somewhat compared to competitors on a recent Friday. Nonetheless, several notable financial entities have reaffirmed confidence in the company, such as TD Cowen, BMO Capital, and Goldman Sachs who all maintain positive ratings on Franklin. There has been a flurry of activities surrounding BEN, including the announcement of several new product launches, acquiring alternative investment platform Apera and entering into partnerships like the strategic one with Binance for digital asset projects. Nevertheless, the company has seen some challenges in its share price, which Evercore ISI dropped to a new target price of $23.00. On the bright side, the company's focus on digital assets and partnerships has opened up innovative opportunities, which makes it appealing to passive income seekers. Despite some setbacks in Q3 earnings and its stock price down, BEN has continued to leverage its cash reserves to reward shareholders. Looking ahead, continuous proactive steps and shareholder-friendly policies hint at a potentially bright future for this dividend aristocrat.
Franklin Resources BEN News Analytics from Wed, 27 Nov 2024 08:00:00 GMT to Sat, 11 Oct 2025 12:36:46 GMT -
Rating -2
- Innovation 4
- Information 5
- Rumor -4
