Barclays analyst Benjamin Budish raised the firm’s price target on T. Rowe Price (TROW) to $103 from $95 and keeps an Underweight rating on the shares as part of a Q3 preview for the asset managers. Assets under management estimates rose due to market appreciation in Q3, relative to Q2, though flow profiles were mostly negative, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TROW:
- T Rowe Price Expands Board with Two New Directors
- T. Rowe Price price target raised to $115 from $112 at Keefe Bruyette
- Early notable gainers among liquid option names on October 10th
- T. Rowe Price reports preliminary AUM $1.77T as of September 30
- T. Rowe Price price target raised to $125 from $116 at Morgan Stanley