Franklin Resources Inc

BEN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$84.00	Fwbvdy	Sfwhmshqbd

Franklin Resources Earnings: Recovery Underway, but Headwinds Remain for Asset Managers

Greggory Warren

May 1, 2023

There was little in Franklin Resources' fiscal second-quarter results that would alter our long-term view of the firm, and we expect to leave our $28 fair value estimate in place. We view the shares as slightly undervalued.

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