TD Cowen analyst Bill Katz initiated coverage of Invesco with an Outperform rating and $21 price target. The firm is positive on the company’s improving flow and margin outlooks, along with its rising strategic flexibility under the new leadership, the analyst tells investors in a research note. Invesco is emerging as a nimbler platform with rising strategic flexibility and a clearer pathway back to low-single-digit long-term net organic growth, the firm added.
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