UPDATE: Citigroup Increases PT to $30 on Invesco

Citigroup raises its price target $3 to $30 on Buy-rated Invesco

following bullish meeting highlights with CEO at Citigroup's Financial Services Conference. Citigroup notes, "Higher target reflects: 1) building flow traction; 2) improving FCF repatriation transparency; 3) declining deal risks – perceived or otherwise; and 4) seeming market share gains. Believe upcoming Feb AUM release on 3/9 and 1Q earnings to be announced in April will be key catalysts." IVZ closed at $24.26 a share yesterday.