Barclays Maintains an 'Equalweight' on T. Rowe Price (TROW); 3Q Flows Reflects Investors De-Risking

Barclays maintains an 'Equalweight' on T. Rowe Price (NASDAQ: TROW) price target of $65.00.

Barclays analyst says, "3Q EPS came in at $0.71, vs. our $0.73 estimate and Street at $0.73. We are reducing our EPS estimates to $2.94 in 2011 (from $2.96) and to $3.30 in 2012 (from $3.48). Our revised 2011 outlook primarily accounts for the 3Q EPS miss. Meanwhile, our 4Q EPS estimate remains $0.74. Additionally, our 2012 outlook now reflects the revenue impact of a lower AUM level going into the year."

For more ratings news on T. Rowe Price click here and for the rating history of T. Rowe Price click here.

Shares of T. Rowe Price closed at $51.08 yesterday.

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