Invesco price target raised to $20 from $18 at Barclays

Barclays raised the firm’s price target on Invesco (IVZ) to $20 from $18 and keeps an Equal Weight rating on the shares. The company’s Q4 earnings beat estimates and management sounded confident about their future net flows as well as capital return, but the commentary around expenses drove the share outperformance, the analyst tells investors in a research note.