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Fly News Breaks for January 29, 2018
FII
Jan 29, 2018 | 08:20 EDT
RBC Capital analyst Kenneth Lee raised his price target on Federated Investors to $37 and kept his Sector Perform rating after "respectable" Q4 earnings. Lee says money market funds saw particularly strong flows, but equity assets under management remained in outflow mode. The analyst also notes the positive impact from the expected lower effective U.S. tax rates.
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