TD Cowen Reiterates Buy Rating on Franklin Resources (BEN), Another Favorable Strategic Step

TD Cowen analyst Bill Katz reiterated a Buy rating and $31.00 price target on Franklin Resources (NYSE: BEN).

The analyst commented: "BEN announced a strategic partnership with three infrastructure managers, including Copenhagen Infrastructure Partners, DigitalBridge & Actis aimed to deliver Private Infra solutions to Private Wealth. We believe the partnership should bolster BEN's positioning against Wealth democratization for Alts and setting stage for stronger participation in nascent 401(k) opening."

For an analyst ratings summary and ratings history on Franklin Resources click here. For more ratings news on Franklin Resources click here.

Shares of Franklin Resources closed at $24.21 yesterday.

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