T. Rowe Price price target lowered to $104 from $105 at Jefferies

Jefferies lowered the firm’s price target on T. Rowe Price to $104 from $105 and keeps a Hold rating on the shares. In an earnings preview for the asset manager group, the analyst notes that the firm’s Q2 EPS estimates have been increased by 3.6% on average, while its full year 2023 EPS estimates are up by about 1.3%, pointing to positive beta as the primary factor for the estimate increases.