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UPDATE: Citi Downgrades Federated Investors and Lowers the PT from $21 to $16
Wednesday, August 10, 2011 - 7:55amCiti has published a report on Federated Investors (NYSE: FII) downgrading the company and lowering the price target. In the report, Citi wrote, "FII is by far the most reliant on money markets (45% of 2Q revenues vs. median 3% for traditionals) and Fed commentary around keeping Fed Funds low...
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JP Morgan Provides Color on Asset Managers
Thursday, June 30, 2011 - 7:13amJP Morgan provided color on the asset managers sector. In a research report published today, JP Morgan paints relatively bleak picture for the sector. In the report, JP Morgan states, “We are lowering estimates for the asset managers based on poor market conditions in May and the first half of...
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Citigroup PT Changes 6/6
Monday, June 6, 2011 - 7:32amCitigroup has changed the price target on the following companies: AllianceBernstein (NYSE: AB) From $20.00 to $19.00 Affiliated Managers Group (NYSE: AMG) From $128.00 to $122.00 Apollo Global Management (NASDAQ: APO) From $24.00 to $23.00 Artio Global Investors (NYSE: ART) From $16.00 to $...
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Citi Reiterates Hold on Federated Investors, Reduces PT to $24
Thursday, June 2, 2011 - 8:17amCiti Reiterated its Hold rating on Federated Investors (NYSE: FII). At the same time, Citi lowered its price target on the company's stock from $25 to $24. In a research report published today, Citi states, "We see FII struggling against deteriorating macro-economic backdrop and see the stock...
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Citigroup Lowers PT on Federated Investors To $24
Thursday, June 2, 2011 - 6:03amCitigorup has lowered the price target on Federated Investors (NYSE: FII) from $25 to $24 and maintains its Hold rating.
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J.P. Morgan Maintains Underweight on Federated Investors
Wednesday, June 1, 2011 - 8:31amJ.P. Morgan is out with its report today on Federated Investors (NYSE: FII), maintaining Underweight. In a note to clients, J.P. Morgan writes, "We see the potential for Federated to outperform peers if equity markets become unstable. A flight from risk assets could send investors back to money...
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Keefe, Bruyette Woods Reports Federated Investors Still Battling Headwinds
Monday, May 2, 2011 - 8:31amAccording to Keefe, Bruyette Woods, Federated Investors (NYSE: FII) still battling headwinds. Keefe, Bruyette Woods said that reported EPS includes $0.11 expense related to an expected litigation settlement. “Excluding this charge, our initial take is a somewhat weaker quarter on lower core...
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Citi Lowers FII Target From $27 To $26
Friday, March 11, 2011 - 8:34amCiti is lowering its PT on Federated Investors, Inc. (NYSE: FII) from $27 to $26. Federated Investors closed Thursday at $26.45.
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Goldman Sachs Maintains FII's Sell Rating
Wednesday, December 15, 2010 - 8:36amGoldman Sachs said today that it remains Sell-rated on Federated Investors, Inc. (NYSE: FII) “as we believe FII's growth will be muted relative to other asset managers given continued fee waivers, little cost control measures, and a mixed outlook for long-dated flows amid choppy equity performance...
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J.P. Morgan Lowers Federated Investors Estimates
Monday, November 1, 2010 - 8:39amFederated Investors, Inc. (NYSE: FII) reported 3Q10 EPS of $0.42, “ahead of our $0.40 estimate and the $0.38 consensus,” J.P. Morgan reports. Results were good due to strong cost controls. “Despite the solid quarter we maintain our Underweight rating as we continue to see risks to the money market...
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