Federated Hermes Inc Class B

FHI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$55.00	Slwc	Pqxdcscp

Federated Hermes Earnings: Solid Near-Term Results Belie a More Difficult 2024-25 for the Firm

Greggory Warren

Apr 26, 2024

There was little in no-moat-rated Federated Hermes first-quarter results that would alter our long-term view of the firm. We are leaving our $38 per share fair value estimate in place and view the company's shares as being slightly to modestly undervalued right now.

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