JPMorgan analyst Kenneth Worthington upgraded Federated Investors to Overweight from Neutral and raised his price target for the shares to $36 from $34. The company's money market business continues to grow and take share, driving "above-peer" organic revenue growth, Worthington tells investors in a research note. In addition, the analyst believes Federated has additional opportunities for revenue growth in verticals acquired in the Hermes transaction. As a result, the analyst finds the "investment characteristics attractive" at current share levels.