RBC Capital Maintains Sector Perform on Federated Hermes, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee maintains a Sector Perform rating on Federated Hermes (NYSE:FHI) and raises the price target from $35 to $36.
October 11, 2024 | 6:01 pm
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RBC Capital has maintained its Sector Perform rating on Federated Hermes and increased the price target from $35 to $36, indicating a slightly positive outlook.
The increase in price target from $35 to $36 by RBC Capital suggests a slightly positive outlook for Federated Hermes. Maintaining the Sector Perform rating indicates that the stock is expected to perform in line with the market or sector. The change in price target, although modest, reflects a positive sentiment from the analyst.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100