BMO Capital analyst James Fotheringham lowered the firm’s price target on T. Rowe Price to $90 from $105 and keeps a Market Perform rating on the shares. The company’s Q4 results were just in-line and its outflows should persist throughout 2023, the analyst tells investors in a research note. The firm warns that investor sentiment could remain subdued until net flows stabilize.
Published first on TheFly
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- T. Rowe Price reports year-end AUM $1.27T
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- T. Rowe Price reports preliminary AUM $1.28T at December 31, 2022
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