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Fly News Breaks for June 8, 2016
IVZ
Jun 8, 2016 | 07:15 EDT
Wells Fargo says that the 11% drop in Invesco's shares this year probably reflects macro issues rather than fundamentals. The firm thinks that the company has a number of potential positive catalysts in 2H16, including improving flows and stronger equity markets. It says that the company's relatively low valuation versus its peers "offers downside protection" going forward. Wells keeps an Outperform rating on the shares.
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