Citi lowered the firm’s price target on T. Rowe Price (TROW) to $95 from $100 and keeps a Neutral rating on the shares. The firm revised estimates and marked to market its model for Q1 following the March assets under management release. Citi prefers to wait for greater clarity around the current environment before buying the shares.
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Read More on TROW:
- T. Rowe Price reports preliminary AUM $1.57T as of March 31
- T. Rowe Price price target lowered to $89 from $112 at TD Cowen
- T. Rowe Price renews transfer agent relationship with SS&C
- T. Rowe Price price target lowered to $98 from $116 at Wells Fargo
- T. Rowe Price price target lowered to $97 from $121 at Morgan Stanley