Wells Fargo analyst Finian O’Shea raised the firm’s price target on T. Rowe Price to $117 from $108 and keeps an Equal Weight rating on the shares. T. Rowe Price disclosed that June AUM was 3.3% higher than the firm’s previous forecast, the analyst tells investors in a research note. While some recent near-term fund performance improvement bodes well, Q2 flows remained disappointing, Wells Fargo says.
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