Invesco price target lowered to $31 from $33 at RBC Capital

RBC Capital analyst Kenneth Lee lowered the firm’s price target on Invesco (IVZ) to $31 from $33 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results for asset managers. The firm notes that it still sees potential and ongoing industry consolidation for 2026, adding that M&A activity could be driven by asset managers’ desire to further diversify their investment strategy or increase economies of scale. For the company, the firm notes that it still sees margin improvement in 2026/2027, though it has also tempered its margin improvement outlook due to recent market drawdown, the analyst tells investors in a research note.