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Fly News Breaks for May 25, 2017
FII
May 25, 2017 | 06:36 EDT
JPMorgan analyst Kenneth Worthington upgraded Federated Investors to Neutral saying fundamentals are not as bad as they were 6-12 months ago. The company's flagship Strategic Value Dividend has seen improved performance in 2017 and money market fund industry outflows are less bad than fears, the analyst tells investors. He keeps a $24 price target on shares of Federated.
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