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T. Rowe Price price target raised to $116 from $112 at Morgan Stanley

Morgan Stanley raised the firm’s price target on T. Rowe Price (TROW) to $116 from $112 and keeps an Equal Weight rating on the shares. Following the recent Q2 report, the firm raised its 2025 EPS view by 3.5% to $9.46 and its 2026 EPS forecast 3.2% to $10.09, citing initiatives improving year-over-year expense growth.

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