Wall Street Zen has downgraded Invesco (NYSE:IVZ) from a “buy” to a “hold” rating, maintaining a consensus “Hold” with a target price of $28.46. Despite beating recent earnings estimates with an EPS of $0.62 and revenue of $1.26 billion, the company still reported a negative net margin of -6.92%. Invesco’s stock opened at $26.26, showing a 3.1% decline, and has a market capitalization of approximately $11.7 billion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Invesco (NYSE:IVZ) Stock Rating Lowered by Wall Street Zen
Wall Street Zen has downgraded Invesco (NYSE:IVZ) from a “buy” to a “hold” rating, maintaining a consensus “Hold” with a target price of $28.46. Despite beating recent earnings estimates with an EPS of $0.62 and revenue of $1.26 billion, the company still reported a negative net margin of -6.92%. Invesco’s stock opened at $26.26, showing a 3.1% decline, and has a market capitalization of approximately $11.7 billion.