Invesco price target raised to $31 from $27 at Argus

Argus analyst Stephen Biggar raised the firm’s price target on Invesco (IVZ) to $31 from $27 and keeps a Buy rating on the shares after its Q4 earnings beat. Net long-term inflows were still healthy at $19.1B and have been positive for the past 10 consecutive quarters, with the company also having continued to show margin expansion, the analyst tells investors in a research note.