Barclays Sticks to Its Hold Rating for Invesco (IVZ)
Barclays analyst Benjamin Budish maintained a Hold rating on Invesco today and set a price target of $24.00.
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According to TipRanks, Budish is a 5-star analyst with an average return of 10.6% and a 59.43% success rate. Budish covers the Financial sector, focusing on stocks such as Robinhood, Charles Schwab, and Coinbase Global.
In addition to Barclays, Invesco also received a Hold from Evercore ISI’s Glenn Schorr in a report issued on April 10. However, on the same day, BMO Capital maintained a Buy rating on Invesco (NYSE: IVZ).
Based on Invesco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.69 billion and a GAAP net loss of $1.06 billion. In comparison, last year the company earned a revenue of $1.59 billion and had a net profit of $268.5 million
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