Jim Cramer Highlights Invesco's Gains in Q3

Invesco Ltd. (NYSE:IVZ) is one of the noteworthy Q3 stocks Jim Cramer was focused on. Cramer mentioned the stock during the episode and commented:

“Finally, there’s a stock that makes a ton of sense given how well the market’s doing, and that’s Invesco. That’s a money management firm with a stock that’s up 45% for the quarter.”

Invesco Ltd. (NYSE:IVZ) is an investment management firm serving clients through mutual funds, ETFs, private funds, and customized equity and fixed income portfolios. On October 2, BofA raised its price target on the company stock to $25 from 23 while maintaining a Neutral rating. The firm noted that price targets are being increased across all traditional asset managers under coverage in a preview for the group. In addition, it should be noted that TD Cowen’s Bill Katz raised the price target for Invesco Ltd.’s (NYSE:IVZ) stock on September 18 and maintained a Buy rating.

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Disclosure: None. This article is originally published at Insider Monkey.