Michael Cyprys, an analyst from Morgan Stanley, maintained the Sell rating on Franklin Resources. The associated price target was raised to $21.00.
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Michael Cyprys has given his Sell rating due to a combination of factors impacting Franklin Resources. The decision is influenced by a reduction in the company’s adjusted earnings per share (EPS) for the third quarter of 2025, which has been lowered by 6% to $0.51 from a previous estimate of $0.54. This adjustment is primarily attributed to increased operating expenses, although there is a partial offset from improved revenues.
Additionally, the full-year 2025 adjusted EPS forecast has been revised downward by 3% due to similar dynamics, while the 2026 EPS is expected to rise by 5% due to better management fees. Despite a slight increase in the price target to $21, reflecting a 6x multiple of the 2026 EBITDA, the recommendation remains underweight, indicating a cautious outlook on the stock’s performance.
In another report released on August 4, Evercore ISI also maintained a Sell rating on the stock with a $25.00 price target.
BEN’s price has also changed moderately for the past six months – from $20.190 to $25.290, which is a 25.26% increase.