Invesco could be on the verge of a "game changer," according to TD Cowen. TD Cowen upgraded the investment management stock to buy from hold and raised its price target to $25 per share from $17.50. The firm's forecast implies about 26% upside from Friday's close. Analyst Bill Katz pointed to Invesco's recent U.S. Securities and Exchange Commission filing, which showed the company sought approval to restructure certain aspects of its Invesco QQQ Trust (QQQ) to reflect an open-ended fund as opposed to a unit investment trust, or UIT. The QQQ, which tracks the Nasdaq-100 index, is one of the most widely held funds by both institutions and retail investors alike. It has about $355 billion in assets. IVZ YTD mountain Invesco stock in 2025. "We believe this is a major development for the firm —

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