Wells Fargo analyst Finian O’Shea raised the firm’s price target on T. Rowe Price to $115 from $112 and keeps an Equal Weight rating on the shares. March AUM was disclosed at 2.8% higher than the firm previously forecast, the analyst tells investors in a research note. The firm adds that Q1 flows were "disappointing," though some recent near-term fund performance improvement bodes well.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on TROW:
- T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MARCH 2023
- T. Rowe Price price target lowered to $98 from $101 at Evercore ISI
- T. Rowe Price reports preliminary AUM $1.34T at March 31
- T. Rowe Price price target lowered to $72 from $78 at BofA
- T. ROWE PRICE TO ACQUIRE RETIREE, INC., BOLSTERING RETIREMENT INCOME CAPABILITIES
