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Fly News Breaks for January 8, 2019
IVZ
Jan 8, 2019 | 08:20 EDT
Evercore ISI analyst Glenn Schorr downgraded Invesco to In Line and lowered its price target to $20 saying he expects 2019 to be another tough year and doesn't foresee an environment that gets Portfolio Managers motivated to add exposure to the group. Additionally, the industry has to contend with net flow pressures, fee compression, and continued pressure from retail distributors in terms of shrinking product lists.
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