UPDATE: Citigroup Raises PT on Invesco Following Raised EPS Estimates

In a report published Thursday, Citigroup analyst William R. Katz reiterated a Buy rating on Invesco (NYSE: IVZ ), and raised the price target from $39.00 to $40.00. In the report, Citigroup noted, “We affirm our Buy rating, edge up our 2014-15 EPS estimates and raise our target $1 to $40