T. Rowe Price initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst Finian O’Shea initiated coverage of T. Rowe Price with an Equal Weight rating and $125 price target. T. Rowe’s equity-heavy operation, emphasis on growth-oriented stocks and "middle of the road flow profile" cause the stock to only partially match the attributes he seeks, O’Shea tells investors. He prefers the reliability of more durable operations over higher risk/reward stock calls given potentially volatile markets, the analyst added.