RBC Capital Reiterates Sector Perform on Federated Hermes, Maintains $39 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Kenneth Lee has reiterated a 'Sector Perform' rating on Federated Hermes (NYSE:FHI) and maintained a $39 price target.
July 25, 2023 | 11:51 am
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RBC Capital has reiterated its 'Sector Perform' rating on Federated Hermes, maintaining a $39 price target.
The reiteration of the 'Sector Perform' rating and maintenance of the $39 price target by RBC Capital indicates that the analyst believes Federated Hermes will perform in line with the expectations of the sector. This is neutral news for the stock as it does not suggest any significant changes in the company's performance or valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100