UPDATE: JP Morgan Raises Target on Invesco to $27

JP Morgan reiterates its Overweight rating on Invesco IVZ and raises its price target to $27 from $26 on global sales opportunity. JP Morgan says, "Invesco starts 2012 in a good position to generate sales across geographies and distribution channels. US retail performance improved meaningfully, especially in 4Q11. The UK and Canadian franchises have generated especially strong 2011 performance." IVZ closed at $22.39 a share on Tuesday.