UPDATE: Jefferies Reiterates Raises PT on Invesco Following Management Team Trip

In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on Invesco IVZ, and raised the price target from $37.00 to $39.00.

In the report, Jefferies noted, “Last week we traveled with the management team of Invesco for several days. The outlook for organic growth, revenue yield and operating margin improvement remains positive. Invesco represents one of the few stories in the asset management sector that still has organic margin improvement potential.”

Invesco closed on Friday at $33.52.