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Fly News Breaks for November 21, 2016
FII
Nov 21, 2016 | 05:49 EDT
Jefferies analyst Surinder Thind downgraded Federated Investors to Hold saying investment performance at the company's flagship Strategic Value Dividend Fund has "sharply lagged peers" following the election. The analyst expects Federated's "industry-leading" long-term organic growth rate to fall. He cut his price target for the shares to $27 from $32.
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