Invesco just upgraded at Keefe Bruyette, here’s why

Keefe Bruyette upgraded Invesco to Outperform from Market Perform with a price target of $20, up from $15.50. The analyst believes the company is positioned well for the improving market and flow backdrop while trading at a discounted valuation. Looking to 2024, Invesco is positioned well to continue capturing passives flows, and its potential on the fixed income side is underappreciated, the analyst tells investors in a research note.