Jefferies Raises Price Target on Invesco (IVZ) to $30

April 9, 2012 7:42 AM EDT Send to a Friend
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Price: $40.84 +0.64%

Rating Summary:
    10 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
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Jefferies raised estimates and its price target on Buy-rated Invesco (NYSE: IVZ) from $26 to $30 ahead of Q1 earnings kick-off for the group with BlackRock (NYSE: BLK) on Wednesday, April 18th.

The firm comments, "Our numbers move universally higher on the strength of the equity market rally and most should see healthy margin expansion given the speed of the rally. We see AMG, BX, IVZ and TROW as possible standouts given their relative positioning and strong organic growth potential."

Q1 EPS goes from $0.43 to $0.45 and FY12 EPS goes from $1.87 to $1.98.

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 $26.02 yesterday.




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