UBS Maintains Neutral on Federated Hermes, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Adam Beatty maintains a Neutral rating on Federated Hermes (NYSE:FHI) but raises the price target from $36 to $40.
October 22, 2024 | 2:24 pm
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UBS analyst Adam Beatty has maintained a Neutral rating on Federated Hermes but increased the price target from $36 to $40, indicating a positive outlook on the stock's potential.
The increase in price target from $36 to $40 by UBS suggests a positive outlook for Federated Hermes, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100