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Stocks•6 May 2026•

1 min read

Morgan Stanley Upgrades Franklin Resources on Signs of Corporate Turnaround

Key Facts

1Morgan Stanley upgraded Franklin Resources from Underweight to Equalweight, raising its price target to $31.00 from $21.00.

Morgan Stanley has upgraded its investment rating for Franklin Resources (BEN) from Underweight to Equalweight, signaling a shift in the firm's outlook. Alongside the upgrade, the bank significantly raised its price target for the stock to $31.00, up from the previous $21.00. Analysts cited improving business momentum and the fading of idiosyncratic headwinds as the primary drivers behind this decision. While broader secular challenges persist within the asset management industry, Morgan Stanley highlighted signs of a corporate turnaround as a key positive factor. This rating adjustment suggests that the firm's specific operational pressures are beginning to stabilize. Consequently, the upgrade provides a more constructive view of the company's valuation and recovery potential in the current market environment.

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