Evercore ISI Group Maintains Outperform on Federated Hermes, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Federated Hermes (NYSE:FHI) but has lowered the price target from $37 to $36.
September 05, 2024 | 1:08 pm
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NEUTRAL IMPACT
Evercore ISI Group has maintained an 'Outperform' rating on Federated Hermes but lowered the price target from $37 to $36, indicating a slight decrease in expected valuation.
The 'Outperform' rating suggests continued positive sentiment towards Federated Hermes, but the lowered price target indicates a slight reduction in expected future performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100