Invesco price target lowered to $28 from $32 at BMO Capital

BMO Capital lowered the firm’s price target on Invesco (IVZ) to $28 from $32 and keeps an Outperform rating on the shares as part of a broader research note on Asset Managers. The firm’s negative EPS revisions across the group primarily reflects the broad market headwinds that emerged more meaningfully in March, the analyst tells investors in a research note. For Invesco, BMO further cites durability of the QQQ growth and the ongoing de-leveraging of the balance sheet.