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.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on TROW:
- T. Rowe Price price target lowered to $90 from $105 at BMO Capital
- T. Rowe Price reports year-end AUM $1.27T
- T. Rowe Price reports Q4 adjusted EPS $1.74, consensus $1.70
- T. ROWE PRICE GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS
- T. Rowe Price reports preliminary AUM $1.28T at December 31, 2022