Invesco shares are trading higher after Keefe, Bruyette & Woods upgraded the stock from Market Perform to Outperform and raised its price target from $15.5 to $20.
Portfolio Pulse from Benzinga Newsdesk
Invesco's stock (IVZ) is trading higher following an upgrade from Keefe, Bruyette & Woods, who raised their rating from Market Perform to Outperform and increased the price target from $15.5 to $20.
December 14, 2023 | 3:16 pm
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POSITIVE IMPACT
Invesco's stock is expected to experience a positive short term impact due to an analyst upgrade from Market Perform to Outperform and a raised price target from $15.5 to $20 by Keefe, Bruyette & Woods.
Analyst upgrades typically lead to positive market sentiment in the short term as they suggest a stronger outlook for the company. The increase in price target further reinforces the positive view, indicating that the stock may be undervalued at its current price. Investors often react positively to such news, which can lead to a temporary increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100