According to Keefe, Bruyette Woods, Federated Investors 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 operating income and with mixed flow trends. Lower estimates and price target. Maintain Market Perform rating.”
Federated Investors closed yesterday at $25.78.
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Posted In: Analyst ColorAnalyst RatingsAsset Management & Custody BanksBruyette WoodsFederated InvestorsFinancialsKeefe
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