Inside the Market’s roundup of some of today’s key analyst actions Great-West Lifeco Inc.’s (GWO-T’) sale of U.S. wealth manager Putnam Investments to Franklin Resources Inc. (BEN-N), a global investment management firm that operates as Franklin Templeton, in a deal valued at US$1.8-billion is “a fair price for an underperforming asset,” according to National Bank Financial analyst Gabriel Dechaine. “Based on the US$136-billion of AUM [assets under management] sold to BEN, this valuation works out to 70 basis points,” he said. “In a prior note (Report dated October 2020), we pegged Putnam’s valuation at 75bps of AUM. If you include...