Keefe, Bruyette & Woods Downgrades Invesco to Market Perform, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Aidan Hall downgrades Invesco (IVZ) from Outperform to Market Perform and lowers the price target from $19 to $17.
April 24, 2024 | 2:49 pm
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NEGATIVE IMPACT
Invesco downgraded from Outperform to Market Perform by Keefe, Bruyette & Woods, with a price target reduction from $19 to $17.
The downgrade by a reputable analyst firm like Keefe, Bruyette & Woods, coupled with a reduction in price target, is likely to negatively impact investor sentiment towards Invesco in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100