Franklin Resources Inc

BEN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$71.00	Nfv	Gvpfdsqq

Franklin Resources Earnings: Higher Costs Associated With Integrating Putnam Mar Top-Line Results

Greggory Warren

Apr 29, 2024

There was little in Franklin Resources' fiscal second-quarter results that would alter our long-term view of the narrow-moat firm. We expect to leave our $28 per share fair value estimate in place. We view the company's shares as being modestly undervalued right now.

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