RBC Capital analyst Kenneth Lee raised the firm’s price target on Federated Hermes (FHI) to $55 from $54 and keeps a Sector Perform rating on the shares. The firm is updating its model after the company’s Q4 earnings beat and believes that its assets under management will grow about 4% y/y this year, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHI:
- Federated Hermes price target raised to $57 from $54 at TD Cowen
- Federated Hermes Earnings Call Highlights Record AUM
- Federated Hermes Faces Legal Action Over Wind Farm Investment
- Federated Hermes reports Q4 EPS $1.39, consensus $1.22
- Federated Hermes price target lowered to $55 from $56 at JPMorgan