The Fly

T. Rowe Price price target lowered to $113 from $121 at Deutsche Bank

Deutsche Bank analyst Brian Bedell lowered the firm’s price target on T. Rowe Price to $113 from $121 and keeps a Hold rating on the shares, telling investors that it views the company’s Q4 results as "mixed, with more of a negative bias." Quarter-to-date flow data suggests continued outflows, the firm’s equity market assumptions are a headwind, and it currently does not see catalysts on the horizon for T. Rowe, Deutsche Bank added.

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