Market Overview

UPDATE: Morgan Stanley Downgrades Invesco Plc to Equal-Weight on Lack of Catalysts, Margins

Share:
Related IVZ
Gen X Loves ETFs, Too
A Pair Trade In Asset Managers Worth Considering For Your Portfolio

Morgan Stanley downgraded Invesco Plc (NYSE: IVZ) from Overweight to Equal-weight and announceed a $30.00 price target.

Morgan Stanley noted, "Downgrading IVZ from Overweight to Equal-weight after in-line 4Q w/ lackluster margin expansion. Despite 10% upside to our price target, we see a balanced risk/reward at 14x 2013e EPS. We think IVZ needs to demonstrate margin expansion to re-rate vs peers, which may not be until 2H13."

Invesco Plc closed at $27.25 on Thursday.

Latest Ratings for IVZ

DateFirmActionFromTo
Apr 2016JP MorganMaintainsOverweight
Apr 2016Deutsche BankMaintainsBuy
Apr 2016BarclaysMaintainsOverweight

View More Analyst Ratings for IVZ
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (IVZ)

View Comments and Join the Discussion!