Jefferies Maintains a 'Buy' on T. Rowe Price (TROW); Not A Lot to Gripe About: Performance Remains Key Differentiator

Jefferies maintains a 'Buy' on T. Rowe Price (NASDAQ: TROW) price target raised from $58 to $64.

Jefferies analyst says, "Earlier this week we spent several days with TROW’s CFO, Ken Moreland. On the heels of continued strong investment performance, trends remain above industry average. However, we are unlikely to see a material improvement in fund flow trends until equity market conditions stabilize. In the meantime, TROW will continue to repurchase stock in the low $50’s in our view."

For an analyst ratings summary and ratings history on T. Rowe Price click here. For more ratings news on T. Rowe Price click here.

Shares of T. Rowe Price closed at $56.58 yesterday.

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