The investment bank Sandler O'Neill & Partners published a research report on Invesco [profile] in Barron's, and gave the asset manager a strong writeup, suggesting that the stock might be undervalued by 20 percent.

The bank's analysts liked the firm's recent gain in AUM, hitting $670 million by the end of August, up 1.5 percent on the month, with an estimated $4 to $5 billion in long term inflows. They also note that Invesco recently sold its European CLO business for $1.7 billion. The full report is here. 

Edited by: Chris Cumming


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