Federated Hermes price target lowered to $44 from $46 at TD Cowen

TD Cowen lowered the firm’s price target on Federated Hermes (FHI) to $44 from $46 and keeps a Buy rating on the shares. The firm said it is not one of its hig conviction names but with its EV/EBITDA the stock still screens inexpensively even as they trim their 12-month price target