T Rowe Price Group, Inc. (TROW) Tops Q1 EPS by 2c

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Wells Fargo Downgrades T. Rowe Price (TROW) to Market Perform

April 25, 2013 7:14 AM EDT

Wells Fargo downgraded T. Rowe Price (NASDAQ: TROW) from Outperform to Market Perform and lowers its valuation range to $70-78 from $80-87 following disappointing Q1 flows.

"While flows were very strong in retail, SMA turned in a much worse performance and we have... More