Keefe Bruyette analyst Aidan Hall upgraded T. Rowe Price to Market Perform from Underperform with a price target of $120, up from $106. Q1 presented mixed results for the asset managers, with market levels supporting a lift in trad estimates, the analyst tells investors in a research note. Tactically for the quarter, the firm recommends being overweight shares of T. Rowe Price.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TROW:
- T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MARCH 2024
- T. Rowe Price upgraded to Hold at TD Cowen ahead of earnings
- T. Rowe Price upgraded to Hold from Sell at TD Cowen
- T. Rowe Price price target raised to $125 from $110 at Citi
- T. Rowe Price backing Disney CEO Iger in activist battle, FT reports