RBC Capital upgraded Invesco (IVZ) to Outperform from Sector Perform with a price target of $35, up from $25, ahead of the Q4 report on January 27. The firm cites the company’s improved organic growth outlook and potential margin expansion due to operating leverage for the upgrade. RBC upgraded Invesco after factoring into the model potential earnings accretion from the recent QQQ ETF re-classification.
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