Goldman Sachs Maintains Neutral on Invesco, Raises Price Target to $15.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein has maintained a Neutral rating on Invesco (NYSE:IVZ) and increased the price target from $13.75 to $15.5.
November 30, 2023 | 2:43 pm
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POSITIVE IMPACT
Goldman Sachs reaffirmed a Neutral rating on Invesco, while raising the price target from $13.75 to $15.5, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Goldman Sachs suggests a positive reassessment of Invesco's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the stock might not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100