Barclays lowered the firm’s price target on T. Rowe Price (TROW) to $94 from $101 and keeps an Underweight rating on the shares. The firm updated the company’s model post the Q4 report. T. Rowe is expecting further outflows in January, though management was optimistic on the near-term pipeline, the analyst tells investors in a research note.
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Read More on TROW:
- T. Rowe Price Earnings Call: Growth Amid Heavy Outflows
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- T. Rowe Price price target lowered to $101 from $102 at Barclays