Invesco weakness creates buying opportunity, says Wells Fargo After Invesco reported higher than expected EPS, Wells Fargo still thinks the company's flows, fee rate, and margins are poised to surpass expectations in 2014. The firm thinks outflows from the company's U.K. equity income fund have been lower than expected following the departure of one of the company's portfolio managers. It keeps an Outperform rating on the shares.
BlackRock downgraded to Neutral from Buy at Citigroup Citigroup downgraded BlackRock (BLK) to Neutral citing the stock's proximity to its unchanged price target of $385. Citi's top pick in the Asset Managers space is Invesco (IVZ), followed by AllianceBernstein (AB) and OM Asset Management (OMAM), which it upgraded this morning to Buy.