JP Morgan Maintains Overweight on Federated Hermes, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains an Overweight rating on Federated Hermes (NYSE:FHI) but lowers the price target from $48 to $46.
July 12, 2023 | 2:14 pm
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JP Morgan maintains an Overweight rating on Federated Hermes but lowers the price target from $48 to $46.
The news is directly about Federated Hermes. While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target might create some uncertainty among investors, potentially impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100