Invesco price target raised to $22 from $20 at Argus

Argus analyst Stephen Biggar raised the firm’s price target on Invesco (IVZ) to $22 from $20 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s net long-term inflows were healthy at $25.6B in Q4, well ahead of the $16.5B in Q3 pace, and have now been positive for the past six consecutive quarters, but the company continues to face margin pressure from a mix shift to lower yielding products, the analyst tells investors in a research note.