Market Overview

UPDATE: JP Morgan Downgrades Invesco to Neutral on Valuation, Performance Moderation

Share:
Related IVZ
Benzinga's Top Upgrades
Sterne Agee Upgrades Invesco To Buy
15 Dividend Increases, April 27-May 1, 2015 (Seeking Alpha)

JP Morgan downgraded Invesco Plc (NYSE: IVZ) from Overweight to Neutral and lowered the price target from $32.00 to $31.00.

JP Morgan said, "With the asset management sector having performed particularly well in 2012 and YTD2013, we no longer find the sector broadly attractive for new investment. For Invesco specifically, its valuation has converged with peers as the stock has reached its 52-week high, the stock is both well-liked and well-owned, and with performance deteriorating somewhat in its leading sales product, Global Balanced Risk, we downgrade the stock to Neutral."

Invesco closed at $27.74 on Friday.

Latest Ratings for IVZ

DateFirmActionFromTo
May 2015Keefe Bruyette & WoodsMaintainsOutperform
Apr 2015Deutsche BankMaintainsBuy
Apr 2015BarclaysMaintainsOverweight

View More Analyst Ratings for IVZ
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (IVZ)

Around the Web, We're Loving...