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Fly News Breaks for August 8, 2017
FII
Aug 8, 2017 | 08:29 EDT
Citi analyst William Katz added Federated Investors to his firm's Focus List as a Sell. The company's earnings power is decaying, Katz tells investors in a research note. He notes that his 2019 earnings estimate is nearly 12% below the consensus. Katz expects multiple compression and keeps a Sell rating on Federated with a $22 price target.
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