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Fly News Breaks for April 30, 2018
FII
Apr 30, 2018 | 09:13 EDT
RBC Capital analyst Kenneth Lee lowered his price target on Federated Investors to $30 after its worse than expected Q1 results. Lee cites "significant outflows" in equity Assets Under Management, which accounts for about 40% of fee revenues. The analyst added that Federated Investors' niche money-market fund segment is also faced with more uncertainly, keeping his Sector Perform rating.
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