Franklin Resources price target raised to $34 from $30.50 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Franklin Resources (BEN) to $34 from $30.50 and keeps a Buy rating on the shares. Franklin Resources reported stronger-than-expected Q2 results, reflecting improving momentum in private markets fundraising and fee-related earnings, the analyst tells investors in a research note. The outlook is supported by accelerating organic growth, strong evergreen inflows, disciplined expense management, and a faster-than-expected path toward margin expansion, reinforcing a more constructive long-term earnings trajectory relative to current valuation, the firm says.