T. Rowe Price price target raised to $108 from $105 at Wells Fargo

Wells Fargo analyst Finian O’Shea raised the firm’s price target on T. Rowe Price to $108 from $105 and keeps an Underweight rating on the shares. The price target increase reflects favorable tax rate guidance and a bit on the average fee rate, but notes the “still-murky” visibility on the pace of flow recovery, the analyst tells investors in a research note.