Nomura Securities Maintains a 'Buy' on Invesco (IVZ); Meeting with CFO: Great Story Overshadowed by Weak Markets
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Price: $33.45 -1.73%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 19 | New: 29
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 19 | New: 29
Trade IVZ Now!
Nomura Securities maintains a 'Buy' on Invesco (NYSE: IVZ) price target of $26.00.
Analyst, Glenn Schorr, said, "We met with CFO Loren Starr and Treasurer Jordan Krugman. We think IVZ is a great and improving growth story with a decent yield and stock buyback support. Unfortunately, IVZ can’t avoid the rough markets, with falling equity markets, outflows in equity and QQQs, and lower fee rates. While we expect margins and flows to likely come in a bit near term with the market swoon, we do think there is a true growth story building at IVZ. Our 2012E/2013E EPS declines from $1.93/$2.31 to $1.85/$2.20 vs. Street at $1.91/$2.24."
For an analyst ratings summary and ratings history on Invesco click here. For more ratings news on Invesco click here.
Shares of Invesco closed at $20.79 yesterday, with a 52 week range of $14.52-$26.94.
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Analyst, Glenn Schorr, said, "We met with CFO Loren Starr and Treasurer Jordan Krugman. We think IVZ is a great and improving growth story with a decent yield and stock buyback support. Unfortunately, IVZ can’t avoid the rough markets, with falling equity markets, outflows in equity and QQQs, and lower fee rates. While we expect margins and flows to likely come in a bit near term with the market swoon, we do think there is a true growth story building at IVZ. Our 2012E/2013E EPS declines from $1.93/$2.31 to $1.85/$2.20 vs. Street at $1.91/$2.24."
For an analyst ratings summary and ratings history on Invesco click here. For more ratings news on Invesco click here.
Shares of Invesco closed at $20.79 yesterday, with a 52 week range of $14.52-$26.94.
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