Credit Suisse Upgrades T. Rowe Price (TROW) to Neutral

Credit Suisse analyst Craig Siegenthaler upgraded T. Rowe Price (NASDAQ: TROW) from Outperform to Neutral with a price target of $181.00 (from $179.00).

The analyst comments "We are downgrading our rating on T. Rowe Price to Neutral from Outperform with our new 12- month target price of $181 now only implying a 3-5% total return. We continue to consider TROW one of the strongest active equity managers globally with best-in-class talent and a high quality investment culture, and we remain optimistic on the firm’s recent investments in distribution, technology, ESG, product and vehicles."

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 $176.97 yesterday.

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