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Fly News Breaks for June 2, 2016
IVZ
Jun 2, 2016 | 06:04 EDT
UBS analyst Brennan Hawken downgraded Invesco to Neutral citing risk of outflows given the likely impact of the final Department of Labor fiduciary rule. Invesco is highly reliant on the broker sold channel, the analyst points out. He cut his price target for the shares to $32 from $34.
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