Invesco price target lowered to $18 from $19 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on Invesco (IVZ) to $18 from $19 and keeps an Equal Weight rating on the shares as part of a Q4 preview for the brokers, asset managers and exchanges. The firm updated its asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market performance across the quarter, the analyst tells investors in a research note.