Deutsche Bank Says Buy Invesco (IVZ)

Deutsche Bank has a Buy rating on Invesco Ltd. IVZ. In a note sent to clients Deutsche Bank writes, "The monthly mutual fund data was released, and given weak equity/credit mkts, long term (LT) inflows moderated in November as bond funds posted outflows (after 22 months of inflows), but were offset by another month of equity inflows (aided by ETFs), while money mkts saw inflows. TROW & BLK had standout LT inflows in the month, while ART was relatively weak. Trends for the asset mgrs are mostly favorable given positive mkts QTD, but with sluggish equity inflows & bond outflows, we remain selective; top picks are BLK & IVZ (both Buy rated)." Shares of IVZ closed at $23.03 yesterday.