RJF - Citi upgrades Invesco to Buy on EPS surprise potential

JHVEPhoto/iStock Editorial via Getty Images Citi analyst William Katz upgrades Invesco (IVZ) to Buy from Neutral and opens 90-Day Positive Catalyst Watch on the stock, as the firm offers  "among the highest EPS upside surprise potential." IVZ rises 0.9% in premarket trading. Adds Affiliated Managers Group (AMG) to Citi's Focus List with a 30-day Catalyst Watch. Katz believes AMG's Q2 "should further solidify efficacy of strategic repositioning and capital deployment, support NNA upturn, and lift consensus estimate." AMG shares rise 0.6%. Names Raymond James Financial (RJF) to top pick among broker-dealers, replacing LPL Financial (LPLA); LPLA remains a Buy but exits Citi's U.S. Focus List.

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Citi upgrades Invesco to Buy on EPS surprise potential