Jefferies Has Thoughts On Invesco (IVZ)

Jefferies & Co. is out with a research report on Invesco Ltd. IVZ, and it has a Buy rating and a $27 price target on shares. In a research report sent to investors, Jefferies writes, "Core business trends are stable-to-improving and the opportunity for acceleration through the Van Kampen acquisition remains significant, in our view. The combination of solid investment performance, improving distribution and stringent expense management should accelerate IVZ's earnings power." Shares of IVZ lost 37 cents yesterday to close at $23.20, a loss of 1.6%.