Invesco price target lowered to $33 from $35 at RBC Capital

RBC Capital analyst Kenneth Lee lowered the firm’s price target on Invesco (IVZ) to $33 from $35 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s expense outlook is a focus, but the firm believes the overall impact is slight, the analyst tells investors in a research note. RBC adds that it still sees an improved organic growth outlook and potential incremental margin expansion.