Invesco (IVZ) PT, Estimates Raised at Jefferies

Jefferies analyst Daniel Fannon reiterated a Buy rating, raised estimates and raised his price target on Invesco (NYSE: IVZ) to $44.00 (from $40.00) following management meetings.

Fannon commented, "Last week we spent time with several members of IVZ's mgmt. team over in Europe. Growth trends across the platform remain positive and broad based in terms of both asset class and geography. More recently, the redemption trends from the funds associated with Mr. Woodford’s departure have remained consistent."

The firm boosted FY 2014 EPS from $2.36 to $2.40 and FY 2015 EPS from $2.60 to $2.72.

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 $37.75 yesterday.

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