Federated Hermes Inc Class B

FHI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$54.00	Cwld	Jfbgrtf

Federated Hermes Earnings: Timing and Magnitude of Rate Cuts Will Influence Near-Term Results

Greggory Warren

Jul 26, 2024

There was little in no-moat-rated Federated Hermes' second-quarter results that would alter our long-term view of the firm. We are leaving our $36 per share fair value estimate in place, and we view the company's shares as being slightly undervalued right now.

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