Deutsche Bank Suggests Swapping out of T. Rowe Price (TROW) and into BlackRock (BLK)

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Deutsche Bank upgrades BlackRock, Inc. (NYSE: BLK) from Hold to Buy, but downgrades T. Rowe Price Group (Nasdaq: TROW) from Buy to Hold.

Deutsche analyst says, "While both TROW and BLK continue to be premiere asset mgmt franchises, given respective valuations (18x vs. 14x), expected trends ahead (increasing flows and more potential for operating leverage at BLK versus more muted flows and limited operating leverage at TROW), and YTD performance (TROW has outperformed BLK by ~2000 bps), we see limited upside in TROW and more potential upside in BLK."

Deutsche analyst places $195 price target on BLK and $55 on TROW.

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