RBC Capital Maintains Sector Perform on Federated Hermes, Lowers Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Kenneth Lee has maintained a 'Sector Perform' rating on Federated Hermes (NYSE:FHI) but lowered the price target from $39 to $35.
August 17, 2023 | 1:51 pm
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RBC Capital has maintained its 'Sector Perform' rating on Federated Hermes but lowered the price target from $39 to $35.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Federated Hermes, which could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100