Sterne Agee Reiterates Federated Investors Buy, Lowers PT

Sterne Agee reiterated its Federated Investors FII Buy rating and lowered its Federated Investors price target from $27 to $25 in a research report published today. In the report, Sterne Agee states, "While 2a-7 reform has dramatically improved money market fund liquidity and credit profiles, we continue to be concerned that more dramatic reforms could be down the road that alters the attractiveness of the product or the economics to managers." Shares of Federated Investors were trading at $21.17 at the time of posting, down 0.94% from Friday's market close.