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