Goldman Sachs Upgrades Federated Investors (FII) to Neutral, Reform Pushed Out

September 12, 2012 6:53 AM EDT Send to a Friend
Get Alerts FII Hot Sheet
Price: $32.93 -1.5%

Rating Summary:
    2 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Goldman Sachs upgraded Federated Investors (NYSE: FII) from Sell to Neutral with a price target of $20.00 (from $18.00), after SEC money fund reform again pushed out. The reduces a major headwind for the stock the firm notes.

"To be sure, issues still plague the money fund business, but near- to medium-term action by the Financial Stability Oversight Committee (FSOC) is unlikely, lifting an overhang."

Goldman raiesd 2012/2013/2014 EPS estimates to $1.66/$1.77/$1.92 from $1.65/$1.74/$1.90.

For an analyst ratings summary and ratings history on Federated Investors click here. For more ratings news on Federated Investors click here.

Shares of Federated Investors closed at $21.03 yesterday.

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