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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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