Invesco price target raised to $21 from $19 at BMO Capital

BMO Capital raised the firm’s price target on Invesco (IVZ) to $21 from $19 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company’s sustained improvement in operating margins is additive to a growing list of positive fundamentals developments for the stock, notably rising net flows and increased financial flexibility, the analyst tells investors in a research note.