BMO Capital initiated coverage of Invesco (IVZ) with an Outperform rating and $28 price target The company is taking steps to address its legacy issues and the stock remains inexpensive versus peers despite the recent rally, the analyst tells investors in a research note. BMO believes further debt paydowns should aid Invesco’s valuation multiple and strengthen the bull case.
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Read More on IVZ:
- BMO Capital’s Buy Rating on Invesco: Strategic Initiatives and Financial Outlook Drive Undervaluation
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