Franklin Resources price target raised to $22 from $20 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Franklin Resources (BEN) to $22 from $20 and keeps an Underweight rating on the shares. The firm adjusted targets in the brokers, asset managers and exchanges group as part of its 2026. Market conditions “look constructive” going into 2026, particularly for the alternative asset managers and wealth brokers, the analyst tells investors in a research note. Barclays sees a more mixed outlook for the exchanges and traditional asset managers.