Franklin Resources (BEN) have had a challenging year, facing fundamental changes in landscape and major operational difficulties. Its share price target is downgraded to $19.00 by Barclays, Bank of America, and JPMorgan Chase. Company’s Assets Under Management (AUM) dropped to $1.58Tn with significant outflows. A major stumble occurred when the company had to shutter a $2 billion fund, leading to the Co-CIO’s leave. Despite turbulent times, Franklin Resources manages to increase its dividend for shareholders and launch a new $904 Mn private equity fund. Ignoring some short-term challenges, Franklin Resources is viewed as an attractive buy due to perceived strong financial performance and the promise of growth. It has, however, been subject to various legal investigations. A combination of strategic acquisitions and a shift toward private investing portray a company in transition. Franklin Resources plans to announce first quarter results on January 31, 2025.
Franklin Resources BEN News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sat, 18 Jan 2025 18:53:01 GMT -
Rating -8
- Innovation -5
- Information 7
- Rumor -2
