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Invesco price target raised to $25 from $23 at RBC Capital

RBC Capital analyst Kenneth Lee raised the firm’s price target on Invesco (IVZ) to $25 from $23 and keeps a Sector Perform rating on the shares after its Q3 earnings beat. Benefits from operating leverage were a highlight in the quarter, and the focus remains on potential re-classification of Invesco’s QQQ Trust ETF, the analyst tells investors in a research note.

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