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Fly News Breaks for October 19, 2018
IVZ
Oct 19, 2018 | 07:57 EDT
RBC Capital analyst Kenneth Lee lowered his price target on Invesco to $30 after its Q3 earnings came in line, saying the reduced target reflects lower group multiples. The analyst also maintains his Outperform rating and sees the company's acquisition of OppenheimerFunds as a positive in its efforts to "build scale, deepen distribution, and expand specialized investment capability". Lee expects Invesco's "comprehensive" suite of products and services to generate a premium organic growth rate.
News For IVZ From the Last 2 Days
IVZ
Apr 24, 2024 | 09:09 EDT
Deutsche Bank analyst Brian Bedell lowered the firm's price target on Invesco to $15 from $17 and keeps a Hold rating on the shares. The company reported a "difficult" Q1 with pressure on fee rates and margins, the analyst tells investors in a research note.
IVZ
Apr 24, 2024 | 07:28 EDT
TD Cowen lowered the firm's price target on Invesco to $19.50 from $21 and keeps a Buy rating on the shares. The firm said its Q1 report did little to alter the narrative that they can not generate meaningful operating/EPS leverage even as AUM climbs; though Cowen thinks related headwinds should further abate into 2H 2024/2025.