Wells Fargo Maintains Underweight on Invesco, Raises Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Brown maintains an Underweight rating on Invesco (NYSE:IVZ) but raises the price target from $16 to $16.5.
October 09, 2024 | 3:32 pm
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Wells Fargo's analyst Michael Brown maintains an Underweight rating on Invesco but slightly raises the price target from $16 to $16.5, indicating a cautious outlook with minor optimism.
The Underweight rating suggests a cautious stance by Wells Fargo, indicating potential underperformance relative to peers. However, the slight increase in the price target to $16.5 shows some optimism about Invesco's prospects, though not enough to change the overall rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100