Morgan Stanley Maintains Equal-Weight Rating for Invesco: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Invesco IVZ and lower its price target from $25.00 to $23.00.

Shares of Invesco are trading down 1.26% over the last 24 hours, at $18.79 per share.

A move to $23.00 would account for a 22.41% increase from the current share price.

About Invesco

Invesco provides investment-management services to retail (69% of managed assets) and institutional (31%) clients. At the end of March 2022, the firm had $1.556 trillion in assets under management spread among its equity (50% of AUM), balanced (5%), fixed-income (21%), alternative investment (14%), and money market (10%) operations. Passive products account for 33% of Invesco's total AUM, including 55% of the company's equity operations and 13% of its fixed-income platform. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside the U.S., with close to one third of its AUM sourced from Canada (2%), the U.K. (4%), continental Europe (11%), and Asia (15%).

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This article was generated by Benzinga's automated content engine and reviewed by an editor.