UBS Maintains Neutral on Federated Hermes, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Adam Beatty has maintained a Neutral rating on Federated Hermes (NYSE:FHI) and increased the price target from $37 to $39.

April 12, 2024 | 4:27 pm
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UBS has maintained a Neutral rating on Federated Hermes and raised the price target from $37 to $39.
The increase in price target by UBS suggests a positive outlook on Federated Hermes' stock value in the short term, potentially leading to increased investor interest and a positive impact on the stock price. However, the maintenance of a Neutral rating indicates that while there may be positive aspects to the company's outlook, there are also factors that could limit significant stock price appreciation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90