RBC Capital Maintains Sector Perform on Federated Hermes, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee has maintained a 'Sector Perform' rating on Federated Hermes (NYSE:FHI) and increased the price target from $34 to $36.
January 23, 2024 | 3:50 pm
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RBC Capital has maintained a 'Sector Perform' rating on Federated Hermes and raised the price target from $34 to $36, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a positive sentiment towards Federated Hermes' stock performance in the short term. As price targets can influence investor expectations and stock prices, this revised target may lead to an uptick in the stock price as investors adjust their valuations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100