Sterne Agee's Jason Weyeneth raises estimates for asset managers who have been benefitting from strong markets. His top pick is Invesco (IVZ) thanks a discounted valuation combining with "rapidly expanding margins, strong diversified organic growth, (and) a well-balanced platform." Not everyone is gaining equally, he says, as weaker-than-expected inflows are an issue at T. Rowe Price (TROW), BlackRock (BLK), and Federated Investors (FII).
Sterne Agee's Jason Weyeneth raises estimates for asset managers who have been benefitting from...
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