UPDATE - UBS Initiates Coverage on Invesco (IVZ) with a Buy; Diverse Platform, Yet Misunderstood

UPDATE - UBS initiates coverage on Invesco (NYSE: IVZ) with a Buy rating and $25 price target.

UBS analyst said, "We view Invesco as a highly diversified asset manager that is not getting enough credit for its strong product and distribution capabilities and improving performance and flows. We also believe the company is not yet at full scale and will continue to broaden its offerings, both organically and through M&A...We expect multiple expansion as the company demonstrates that it can continue to attract stronger flows given its diverse set of product types and distribution channels."

To see more ratings on IVZ, Click Here

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• DA Davidson Starts Fortune Brands (FBIN) at Buy
• Canaccord Starts Amapa Minerals Holdings (AMAP:CN) at Buy
• DA Davidson Assumes Knife River Corp. (KNF) at Buy