Wells Fargo Initiates Coverage On Invesco with Underweight Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Invesco with an Underweight rating and set a price target of $16.
September 12, 2024 | 1:37 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wells Fargo has initiated coverage on Invesco with an Underweight rating and a price target of $16, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects Invesco to underperform relative to the market. The price target of $16 is likely below the current trading price, indicating a bearish outlook. This could lead to a short-term negative impact on Invesco's stock price as investors react to the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100