RBC Capital lowered the firm’s price target on Federated Hermes (FHI) to $39 from $42 and keeps a Sector Perform rating on the shares ahead of its Q4 results. The firm is fine-tuning its estimates to reflect updated net flow and market return assumptions based on Q4 trends, though it also sees risk-reward as balanced, the analyst tells investors in a research note.
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- Federated Hermes price target raised to $42 from $39 at RBC Capital