Market Overview

UPDATE: Deutsche Bank Upgrades Invesco Ltd. On Multiple Positive Factors

Share:
Related IVZ
IVZ Is 'The Poster Child For Uncertainty In The U.K.'
Gen X Loves ETFs, Too
Invesco finds a kind word from the sell side (Seeking Alpha)

In a report published Friday, Deutsche Bank analyst Brian Bedell upgraded the rating on Invesco Ltd. (NYSE: IVZ) from Hold to Buy, and raised the price target from $39.00 to $43.00.

In the report, Deutsche Bank noted, “Reasons of upgrade: 1) we see risk of major outflows from former PM's UK equity funds as significantly reduced following only modest outflows in 2Q & very strong performance of successor PM in ~$37bn of retail assets, 2) organic growth rates are improving across several products & we see inflection to 3%+ into 2015, 3) a sales mix shift toward higher-fee products appears sustainable, 4) IVZ is well positioned in several secular growth areas of asset mgmt, 5) we see these catalysts driving IVZ's P/E close to the S&P 500 vs. 5-10% recent discount, & 6) EPS growth profile looks better after solid 2Q & better growth outlook.”

Invesco Ltd. closed on Thursday at $37.63.

Latest Ratings for IVZ

DateFirmActionFromTo
Jun 2016CitigroupDowngradesBuyNeutral
Jun 2016Deutsche BankMaintainsBuy
Jun 2016UBSDowngradesBuyNeutral

View More Analyst Ratings for IVZ
View the Latest Analyst Ratings

Posted-In: Brian Bedell Deutsche BankAnalyst Color Upgrades Analyst Ratings

 

Related Articles (IVZ)

View Comments and Join the Discussion!