Invesco Ltd. (NYSE:IVZ) was downgraded by equities
researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a
research report issued on Monday, The Fly reports.
In other news, Director Colin Meadows sold 40,433 shares of
the business’s stock in a transaction that occurred on Friday, June 10th. The
stock was sold at an average price of $28.43, for a total value of
$1,149,510.19. Following the completion of the sale, the director now directly
owns 195,074 shares in the company, valued at $5,545,953.82. The transaction
was disclosed in a document filed with the Securities & Exchange
Commission, which can be accessed through this link.
Other equities research analysts have also issued research
reports about the company. Deutsche Bank restated a “buy” rating on shares of
Invesco in a research note on Sunday, March 20th. Morgan Stanley restated a
“buy” rating on shares of Invesco in a research note on Saturday, April 30th.
Jefferies Group restated a “buy” rating on shares of Invesco in a research note
on Friday, June 10th. Wells Fargo reaffirmed a “buy” rating on shares of
Invesco in a report on Tuesday, April 12th. Finally, Zacks Investment Research
raised Invesco from a “sell” rating to a “hold” rating in a report on Monday,
March 21st. Four equities research analysts have rated the stock with a hold
rating and eleven have issued a buy rating to the stock. The stock currently
has a consensus rating of “Buy” and a consensus target price of $38.08.
Source: The Cerbat Gem