Goldman Sachs Maintains Neutral on Invesco, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein has maintained a Neutral rating on Invesco (NYSE:IVZ) and reduced the price target from $18.25 to $18.
January 12, 2024 | 2:24 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Invesco and lowered the price target from $18.25 to $18.
The reduction in price target by Goldman Sachs, even though slight, could be perceived negatively by the market, potentially putting downward pressure on Invesco's stock price in the short term. However, since the rating remains Neutral and the price target change is minimal, the impact may not be significantly strong.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100