Wells Fargo analyst Finian O’Shea lowered the firm’s price target on Invesco to $19 from $20 and keeps an Overweight rating on the shares. The firm still favors Invesco’s above-average flow prospects and attractive valuation but concedes the revenue recovery requires more time to strengthen because of mix-related fee rate compression.
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Read More on IVZ:
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- Invesco price target raised to $17 from $15 at Morgan Stanley
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