BofA analyst Craig Siegenthaler has adjusted Invesco's (IVZ, Financial) price target, reducing it from $18 to $15, while maintaining a Neutral rating on the company's shares. This revision comes following Invesco's first-quarter performance, where the firm recorded a 5% organic growth.
However, BofA anticipates a slowdown, predicting a decline in organic growth to just 1% in the second quarter. This expected deceleration is attributed to de-risking activities that are likely to affect fund flows, particularly in the equity markets.
Additionally, the firm has revised its earnings per share forecasts for the years 2025, 2026, and 2027 downward. This adjustment reflects a more difficult macroeconomic environment, characterized by weaker equity markets, which is expected to pose challenges to Invesco's financial performance in the coming years.
