Wells Fargo Resumes Coverage on Invesco (IVZ) at Market Perform; Attractive But Valuation Fair
Tweet Send to a FriendGet Alerts IVZ Hot Sheet
Price: $34.59 +0.85%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade IVZ Now!
Wells Fargo resumes coverage on Invesco (NYSE: IVZ) with a Market Perform. PT $27.00.
Analyst, Christopher Harris, said, "With a diversified AUM base and better flow and performance metrics, we think IVZ is well positioned to capitalize on a better outlook for the industry. We argue valuation expansion is warranted given better trends but do not think a multiple meaningfully higher than the industry average is fair...We have established 2012/2013/2014 cash EPS estimates of $1.72/$1.94/$2.21."
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 $23.85 yesterday, with a 52 week range of $14.52-$26.94.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Christopher Harris, said, "With a diversified AUM base and better flow and performance metrics, we think IVZ is well positioned to capitalize on a better outlook for the industry. We argue valuation expansion is warranted given better trends but do not think a multiple meaningfully higher than the industry average is fair...We have established 2012/2013/2014 cash EPS estimates of $1.72/$1.94/$2.21."
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 $23.85 yesterday, with a 52 week range of $14.52-$26.94.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Invesco (IVZ) to Neutral
- Wunderlich Securities Starts Vertex Energy (VTNR) at Buy
- Cowen Starts Triumph Group (TGI) at Neutral
Create E-mail Alert Related Categories
New CoverageRelated Entities
Wells Fargo
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
