BMO Capital analyst Brennan Hawken initiated coverage of T. Rowe Price (TROW) with a Market Perform rating and $108 price target The company faces long-term growth headwinds and persistent competition in the 401(k) market, though itsGoldman collaboration provides a pathway into the wealth channel and the potential to drive expansion for Oak Hill, the analyst tells investors in a research note. With core growth under pressure, BMO is applauding T. Rowe Price’s emerging and more disciplined expense focus, the firm added.
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