Barclays raised the firm’s price target on Invesco (IVZ) to $24 from $22 and keeps an Equal Weight rating on the shares as part of a Q3 preview for the asset managers. Assets under management estimates rose due to market appreciation in Q3, relative to Q2, though flow profiles were mostly negative, the analyst tells investors in a research note.
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Read More on IVZ:
- Invesco Reports Increase in September Assets Under Management
- Invesco reports preliminary AUM $2.12T as of June 30
- Invesco price target raised to $26 from $24 at Morgan Stanley
- Invesco initiated with an Outperform at BMO Capital
- BMO Capital’s Buy Rating on Invesco: Strategic Initiatives and Financial Outlook Drive Undervaluation