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Fly News Breaks for June 7, 2018
FII
Jun 7, 2018 | 06:51 EDT
Federated Investors' expected move from the Russell 1000 to Russell 2000 should drive increased index ownership in late June and support the stock, JPMorgan analyst Kenneth Worthington tells investors in a research note. While a positive for the stock price, the company's fundamentals as still challenging with elevated outflows from money market funds and poor returns in its flagship Strategic Value Dividend funds, Worthington tells investors in a research note. He keeps an Underweight rating on Federated Investors.
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