RBC Capital raised the firm’s price target on Federated Hermes (FHI) to $43 from $37 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. Equity net flows are trending better than expected, though fixed income net flows quarter to date in Q2 are trending much weaker than the firm’s previously published expectations, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHI: