Keefe Bruyette analyst Alex Bond lowered the firm’s price target on T. Rowe Price (TROW) to $110 from $115 and keeps a Market Perform rating on the shares. Shares were weak as a result of the Q4 miss, the pace of target date outflows in Q4, and commentary on January flows, the analyst tells investors in a research note.
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Read More on TROW:
- T. Rowe Price price target lowered to $94 from $101 at Barclays
- T. Rowe Price Earnings Call: Growth Amid Heavy Outflows
- T. Rowe Price reports Q4 adjusted EPS $2.44, consensus $2.46
- T. Rowe Price price target lowered to $123 from $128 at Morgan Stanley
- TROW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
