T. Rowe Price price target lowered to $82 from $85 at BofA

BofA lowered the firm’s price target on T. Rowe Price (TROW) to $82 from $85 and keeps an Underperform rating on the shares. After T. Rowe Price reported better than expected EPS of $2.23, the firm reduced its 2026 and 2027 EPS forecasts to $8.13 and $8.24 from $8.39 and $8.54, respectively, due to revised management fees and non-operating income forecasts.