Goldman Sachs Maintains Neutral on Invesco, Lowers Price Target to $17.25
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 to $17.25.
January 24, 2024 | 6:12 pm
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Goldman Sachs has maintained a Neutral rating on Invesco and lowered the price target from $18 to $17.25, indicating a potential downside compared to the previous target.
The reduction in price target by a prominent analyst like Goldman Sachs suggests a less optimistic valuation of Invesco's stock, which could lead to a negative short-term reaction in the market as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100