Barclays lowered the firm’s price target on T. Rowe Price (TROW) to $87 from $94 and keeps an Underweight rating on the shares. The firm updated its asset manager models to reflect full quarterly flow and asset under management metrics ahead of the Q1 reports. Asset under management estimates fell due to negative markets in Q1, the analyst tells investors in a research note.
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Read More on TROW:
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- T. Rowe Price price target lowered to $96 from $99 at Evercore ISI
- T. Rowe Price price target lowered to $98 from $104 at BMO Capital
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