Morgan Stanley lowered the firm’s price target on T. Rowe Price (TROW) to $107 from $115 and keeps an Equal Weight rating on the shares. The firm leans cautious in the near-term on traditional asset managers, as it sees more downside risk to its estimates despite expectations for modest Q1 beats, the analyst tells investors in a preview for the group.
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Read More on TROW:
- T. Rowe Price reports preliminary AUM $1.8T as of February 28
- T. Rowe Price price target lowered to $99 from $106 at Evercore ISI
- T. Rowe Price reports preliminary AUM $1.8T as of January 31
- T. Rowe Price price target lowered to $115 from $123 at Morgan Stanley
- T. Rowe Price raises quarterly dividend to $1.30 from $1.27 per share