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Invesco upped to Buy at Wells Fargo

Nov. 11, 2013 9:18 AM ETInvesco Ltd. (IVZ) StockIVZBy: Stephen Alpher, SA News Editor
  • The stock has stumbled a little bit of late - most recently as star fund manger Neil Woodford announced his exit - but Wells' Chris Harris sees opportunity in the valuation gap with peers, particularly amid the "retail rotation toward high beta."
  • He's upgrading to Invesco (NYSE:IVZ) to Buy with $38-$42 price target lifted from $33-$37.

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