Deutsche Bank analyst Brian Bedell downgrades $Federated Hermes (FHI.US)$ to a hold rating, and adjusts the target price from $45 to $43.
According to TipRanks data, the analyst has a success rate of 57.3% and a total average return of 13.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Federated Hermes (FHI.US)$'s main analysts recently are as follows:
Looking ahead to 2025, the prospect for the brokers, asset managers, and exchanges sector appears promising, potentially expecting a third consecutive year of over 20% total return in the U.S. equity markets. The marketplace already acknowledges several key thematic drivers including a likely increase in capital markets activity, the possibility of less stringent regulation to encourage product innovation and capital deployment, and the potential for reduced individual and corporate tax rates.
Changes were made in the brokers, asset managers, and exchanges space with a positive outlook at alternative asset managers due to compelling secular tailwinds. Retail and wealth management sectors were highlighted as particularly promising. Exchanges, however, were seen as less attractive in positive markets, leading to slower growth compared to more asset-sensitive financials like asset managers and some brokers. There was also a mention of potentially favorable outcomes for energy exchange businesses under certain political policies, though other asset classes might not see as strong growth. The brokerage sector is viewed favorably for 2025, supported by more resilient short-term rates that will bolster margin lending and other higher-margin businesses, alongside a retail customer base that might sustain an active trading period due to profitable outcomes.
Note:
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