These Analysts Boost Their Forecasts On Federated Hermes After Q3 Results
Portfolio Pulse from Avi Kapoor
Federated Hermes, Inc. (NYSE:FHI) reported strong Q3 earnings, beating EPS estimates but slightly missing sales expectations. The company achieved record assets under management for the eighth consecutive quarter. Analysts have responded positively, with TD Cowen upgrading the stock and raising the price target, while RBC Capital also increased its price target.
October 28, 2024 | 4:10 pm
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Federated Hermes reported strong Q3 earnings, beating EPS estimates but slightly missing sales expectations. The company achieved record assets under management for the eighth consecutive quarter. Analysts have responded positively, with TD Cowen upgrading the stock and raising the price target, while RBC Capital also increased its price target.
Federated Hermes' strong Q3 earnings performance, particularly the EPS beat, and record assets under management are positive indicators for the company's financial health. The positive analyst reactions, including an upgrade and increased price targets, suggest a favorable short-term outlook for the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100