JP Morgan Maintains Overweight on Federated Hermes, Lowers Price Target to $45
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 $47 to $45.

September 12, 2023 | 12:15 pm
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JP Morgan maintains an Overweight rating on Federated Hermes but lowers the price target from $47 to $45.
The news is directly about Federated Hermes. While the Overweight rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook. However, the impact on the stock price is uncertain in the short term as it depends on how investors interpret this information.
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IMPORTANCE 80
RELEVANCE 100