Morgan Stanley raised the firm’s price target on T. Rowe Price (TROW) to $128 from $126 and keeps an Equal Weight rating on the shares. Flows were softer than expected in Q4 and the firm is lowering its Q4 flow estimate by 30 basis points while cutting Q4 EPS estimates by 5% on average for the Asset Managers it covers, the analyst tells investors in a preview.
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Read More on TROW:
- T. Rowe Price price target lowered to $115 from $117 at Keefe Bruyette
- T. Rowe Price price target raised to $102 from $101 at Barclays
- T. Rowe Price price target lowered to $85 from $105 at BofA
- T. Rowe Price reports preliminary AUM $1.79T as of November 30
- T. Rowe Price price target lowered to $115 from $118 at Evercore ISI