Fly News Breaks for December 16, 2018
FII
Dec 16, 2018 | 21:40 EDT
Gabelli analyst Macrae Sykes started Federated Investors with a Buy rating saying the current valuation is compelling. Federated's recent close of the Hermes acquisition is "transformational and a catalyst for growth," Sykes tells investors in a research note. The analyst believes investors will benefit from industry consolidation and future small acquisitions as the company continues to grow both through inorganic and organic means.
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