Invesco Ltd (IVZ) Gets a Hold Rating from Wells Fargo


Wells Fargo analyst Christopher Harris maintained a Hold rating on Invesco Ltd (IVZ) today and set a price target of $18.00. The company’s shares closed last Monday at $17.35.

According to TipRanks.com, Harris is a 4-star analyst with an average return of 9.2% and a 67.0% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Intercontinental Exchange, and Cboe Global Markets Inc.

Currently, the analyst consensus on Invesco Ltd is a Hold with an average price target of $19.57.

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Based on Invesco Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $232 million. In comparison, last year the company had a net profit of $261 million.

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Invesco Ltd. engages as an independent global investment management firm. It operates through Investment Management segment. The firm offers a range of single-country, regional, and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles.

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