BofA raised the firm’s price target on T. Rowe Price (TROW) to $75 from $73 and keeps an Underperform rating on the shares. The company reported a quarterly adjusted earnings beat driven primarily by lower expenses as well as lower taxes, the analyst tells investors in a research note.
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Read More on TROW:
- T. Rowe Price price target raised to $94 from $93 at TD Cowen
- T. Rowe Price price target raised to $104 from $96 at Evercore ISI
- T. Rowe Price price target raised to $107 from $95 at Keefe Bruyette
- T. Rowe Price price target raised to $99 from $95 at Deutsche Bank
- T. Rowe Price price target raised to $89 from $87 at Barclays