RBC Capital Maintains Sector Perform on Invesco, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee has maintained a 'Sector Perform' rating on Invesco (NYSE:IVZ) and increased the price target from $14 to $16.
January 18, 2024 | 7:24 pm
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POSITIVE IMPACT
RBC Capital has maintained a 'Sector Perform' rating on Invesco and raised the price target from $14 to $16, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Kenneth Lee from RBC Capital suggests a positive sentiment towards Invesco's stock performance in the short term. This could lead to increased investor confidence and potentially drive the stock price up, as market participants often react to changes in analyst ratings and price targets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100