Nomura Securities Maintains a 'Neutral' on T. Rowe Price (TROW); Highlights From CFO Meeting
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Price: $108.83 -2.01%
Rating Summary:
3 Buy, 14 Hold, 6 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
3 Buy, 14 Hold, 6 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Nomura Securities maintains a 'Neutral' on T. Rowe Price (NASDAQ: TROW) price target of $63.00.
Analyst, Glenn Schorr, said, "Key topics we discussed were; the state of both the retail & institutional investors, key secular industry shifts, TROW’s likely sources of growth, operating leverage and margins and what TROW is going to do with all that cash flow. The meeting was overall positive and we see solid earnings trends, though organic growth is likely good, not great, given the backdrop. Though TROW has the B/S and CF to be a big capital return story, they’re also a very conservative; we expect methodical dividend increases and opportunistic buybacks. Our 2012E/2013E EPS goes from $3.26 / $3.85 to $3.31 / $3.95."
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 $64.10 yesterday.
Analyst, Glenn Schorr, said, "Key topics we discussed were; the state of both the retail & institutional investors, key secular industry shifts, TROW’s likely sources of growth, operating leverage and margins and what TROW is going to do with all that cash flow. The meeting was overall positive and we see solid earnings trends, though organic growth is likely good, not great, given the backdrop. Though TROW has the B/S and CF to be a big capital return story, they’re also a very conservative; we expect methodical dividend increases and opportunistic buybacks. Our 2012E/2013E EPS goes from $3.26 / $3.85 to $3.31 / $3.95."
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 $64.10 yesterday.
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