Wells Fargo analyst Michael Brown lowered the firm’s price target on T. Rowe Price (TROW) to $98 from $116 and keeps an Equal Weight rating on the shares. The firm says that Q1 results should be decent for the asset managers/brokers group, but the focus is now on what’s to come. In Wells’ coverage, there are few places to hide from the tariff storm. Alts are nearing levels that are tough to ignore, but stocks can overshoot to the downside, the firm adds.
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Read More on TROW:
- T. Rowe Price price target lowered to $97 from $121 at Morgan Stanley
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- T. Rowe Price price target lowered to $85 from $90 at BofA
- T. Rowe Price price target lowered to $100 from $120 at Citi
- T Rowe Price Faces Mixed Market Conditions and Declining AUM, Leading to Hold Rating
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