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Fly News Breaks for December 5, 2019
FII
Dec 5, 2019 | 05:10 EDT
Evercore ISI analyst John Dunn initiated coverage of Federated Investors with an Outperform rating and $38 price target. The shares shares are trading at attractive levels, says the analyst, who likes asset management companies that are posting positive flows. He believes Federated is capitalizing on its July 2018 acquisition of Hermes.
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