By: Benzinga
UPDATE: BMO Capital Markets Downgrades Invesco to Market Perform on Valuation
BMO Capital Markets downgraded Invesco (NYSE: IVZ ) from Outperform to Market Perform and maintained a $29.00 price target. BMO Capital Markets noted, "While valuations for asset managers have increased this year with the overall market, we believe the relative valuation for Invesco makes it a less compelling opportunity, and
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