Argus raised the firm’s price target on Invesco (IVZ) to $27 from $25 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings beat and net long-term inflows of $28.9B coming in well ahead of Q2, primarily driven by ETFs and Index, China JV & India, Fundamental Fixed Income, and Private Markets, the analyst tells investors in a research note.
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