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IVZ

Invesco

$17.53

0.21 (1.21%)

16:18
01/10/19
01/10
16:18
01/10/19
16:18

Invesco reports AUM $888.2B as of December 31 vs. $926.0B last month

Invesco reported preliminary month-end assets under management of $888.2B, a decrease of 4.1%. The decrease was driven by unfavorable market returns, net long-term outflows, and lower money market AUM, partially offset by reinvested distributions of $8.2 billion, non-management fee earning AUM inflows, and foreign exchange.

IVZ Invesco
$17.53

0.21 (1.21%)

10/19/18
RBCM
10/19/18
NO CHANGE
Target $30
RBCM
Outperform
Invesco price target lowered to $30 from $35 at RBC Capital
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.
12/04/18
WELS
12/04/18
DOWNGRADE
Target $22
WELS
Market Perform
Invesco downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Christopher Harris downgraded Invesco to Market Perform and lowered his price target for the shares to $22 from $27. The analyst sees weakening trends in Invesco's core business along with risks from the pending Oppenheimer acquisition. Investors should only consider buying the stock if they have confidence in the deal, Harris tells investors in a research note. He adds that "asset manager mergers are not easy."
12/04/18
12/04/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Hold from Buy at HSBC with analyst Erwan Rambourg saying it is "too late to sell" Apple shares following the selloff in November, but it is also "too early to buy." 2. Owens-Illinois (OI) downgraded to Underweight from Sector Weight at KeyBanc with analyst Adam Josephson saying the company has struggled to grow volume in recent years and experienced substantial demand declines in the Great Recession. 3. Invesco (IVZ) downgraded to Market Perform from Outperform at Wells Fargo with analyst Christopher Harris saying he sees weakening trends in Invesco's core business along with risks from the pending Oppenheimer acquisition. 4. Intel (INTC) downgraded to Underperform from Market Perform at Northland with analyst Gus Richard citing his view that trade tensions caused companies to pull in demand to beat the expected increase in tariffs. 5. Fastenal (FAST) downgraded to Neutral on valuation at Longbow with analyst Chris Dankert saying shares approached his $63 price target and survey results from his distributor survey indicates lower growth expectations and increased price/cost pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/19
EVER
01/08/19
DOWNGRADE
EVER
In Line
Invesco downgraded to In Line from Outperform at Evercore ISI
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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LIN

Linde plc

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UQM

UQM Technologies

$1.10

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SNY

Sanofi

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RTN

Raytheon

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IBCP

Independent Bank

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EDIT

Editas Medicine

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GOOG

Alphabet

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LAD

Lithia Motors

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CYDY

CytoDyn

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ABT

Abbott

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SFUN

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TS

Tenaris

$24.32

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PAAS

Pan American Silver

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