Goldman Sachs Reiterated Conviction Sell on Federated Investors (FII)
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Goldman Sachs is reiterated their Conviction Sell list rating on Federated Investors, Inc. (NYSE: FII), saying sliding yields suggests more fee waivers ahead.
The firm's price target is $19, which represents 24% downside from yesterday's close of $25.15.
Federated Investors, Inc. is a publicly owned investment manager.
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