UBS Initiates Coverage On Federated Hermes with Neutral Rating, Announces Price Target of $35
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Adam Beatty has initiated coverage on Federated Hermes (NYSE:FHI) with a Neutral rating and set a price target of $35.

January 05, 2024 | 3:11 pm
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NEUTRAL IMPACT
UBS has initiated coverage on Federated Hermes with a Neutral rating and a price target of $35.
The initiation of coverage by UBS with a Neutral rating suggests that the analyst sees the stock performing in line with the market or sector. The price target of $35 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about FHI. The importance is marked at 75, considering that analyst ratings can influence investor sentiment and stock price, but it is not a drastic change such as an upgrade or downgrade. The confidence level is high due to the direct mention of FHI and the clear stance from a reputable analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100