Invesco price target raised to $30 from $29 at TD Cowen

TD Cowen analyst Bill Katz raised the firm’s price target on Invesco (IVZ) to $30 from $29 and keeps a Buy rating on the shares. The firm raised its estimates above consensus following meetings with investors. Cowen said while they expect the next few quarters to be noisy, they believe the direction of travel around LT NNA AOGR, base revenue growth, margins, and B/S flexibility is favorable.