Report on Invesco not new, says Citigroup After the Wall Street Journal indicated that a U.K. platform was pulling $1.1B from Invesco and moving it to former Invesco investment manager Neil Woodford, Citgroup thinks that Invesco already accounted for the loss of the platform in post Q2 comments. .Citi does not believe that Woodford is making "widespread" gains at Invesco's expense. Citi keeps a Buy rating on Invesco.
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.