Invesco (IVZ) Maintains Hold Rating from TD Cowen with $17.50 PT

TD Cowen reaffirms their Hold rating on Invesco (IVZ) with a price target of $17.50. Analyst William Katz, a 5-star analyst with a 13.8% average return and 68.09% success rate, maintains a Hold rating. The analyst consensus on IVZ is a Hold with an average price target of $16.07, representing a -7.64% downside. IVZ has a market cap of $7.59B and a P/E ratio of 13.94.

J.P. Morgan analyst Jimmy Bhullar has reaffirmed a Hold rating on Corebridge Financial Inc. (CRBG) with a price target of $40.00. The company's shares opened today at $35.14 [1]. Bhullar, who covers the Financial sector and has a strong track record with a 59.64% success rate and an average return of 6.9%, maintains a cautious stance on the stock.

The analyst consensus on CRBG is a Strong Buy, with an average price target of $40.00, indicating a 13.83% upside from current levels [1]. However, Raymond James also maintained a Hold rating on the stock with a $0.00 price target [1]. This divergence suggests a more cautious view among some analysts.

Corebridge Financial reported a quarterly revenue of $7.09 billion and a net profit of $2.17 billion for the quarter ending December 31, representing a significant improvement from last year's revenue of $2.81 billion and GAAP net loss of $1.31 billion [1]. Despite the strong financial performance, corporate insider sentiment is negative, with an increase in insider selling activity over the past quarter [1].

The mixed analyst sentiment and negative insider sentiment suggest a cautious approach to Corebridge Financial's stock. Investors should closely monitor the company's earnings reports and other developments to make informed investment decisions.

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/CRBG-N/pressreleases/33304910/j-p-morgan-reaffirms-their-hold-rating-on-corebridge-financial-inc-crbg/