Investment management firms Invesco Ltd. (NYSE:IVZ) and AllianceBernstein Holding LP (NYSE:AB) got an equal weight rating from Morgan Stanley (NYSE:MS).
Matthew Kelley and the team at Morgan Stanley also view Franklin Resources, Inc. (NYSE:BEN)’s announcement of enhanced quarterly dividend as positives for BEN.
Invesco retains equal weight
Morgan Stanley analysts view Invesco as a global, diversified platform that is likely to generate organic growth over most of its peers. The analysts remain ‘equal-weight’ on Invesco Ltd. (NYSE:IVZ) as they consider Invesco’s consistently strong positive operative leverage as the most significant positive catalyst going forward.
The analysts point out that Invesco Ltd. (NYSE:IVZ) inflows are tracking ahead of estimates. Morgan Stanley analysts anticipate continued strong growth in International...
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