Federated Hermes, Inc. reports first quarter 2024 earnings of $0.89; Board declares cash dividend of $1.31 ($0.31 quarterly and $1.00 special)

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Go back to Federated Hermes, Inc. reports first quarter 2024 earnings of $0.89; Board declares cash dividend of $1.31 ($0.31 quarterly and $1.00 special)

Federated Hermes Inc. (FHI) PT Lowered to $35 at RBC Capital

April 29, 2024 6:35 AM EDT

RBC Capital analyst Kenneth Lee lowered the price target on Federated Hermes Inc. (NYSE: FHI) to $35.00 (from $37.00) while maintaining a Sector Perform rating.

The analyst comments "FHI reported 1Q24 results with some puts/takes; LT net outflows were higher than expected, driven... More