Invesco price target raised to $19 from $18 at RBC Capital

RBC Capital raised the firm’s price target on Invesco (IVZ) to $19 from $18 and keeps a Sector Perform rating on the shares. The company’s Q3 earnings beat was largely driven by a lower than expected tax rate, and the firm continues to see modest margin improvement to 33.2% in FY25 and 34.8% in 2026, the analyst tells investors in a research note. RBC adds that it is positive on Invesco’s diversified and broad capabilities, noting however that while the company is making progress on de-levering, its leverage remains higher than peers.