Gabelli & Co. Starts T. Rowe Price (TROW) at Buy
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Gabelli & Co. initiates coverage on T. Rowe Price (Nasdaq: TROW) with a Buy rating.
The firm said, "TROW is well positioned to take advantage of a market recovery and extend its leadership position in the growing retirement assets segment - because T. Rowe has a long history of operating and investment performance as well as a management ownership structure that is aligned with shareholders, we have confidence that the company can execute going forward - in addition to the 2.9% dividend yield, investors will also benefit from operating leverage...2010 PMV of $43/shr"
T. Rowe Price Group, Inc. is a publicly owned holding investment manager.
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