T. Rowe Price price target lowered to $105 from $113 at Barclays

Barclays lowered the firm’s price target on T. Rowe Price (TROW) to $105 from $113 and keeps an Underweight rating on the shares following the Q4 report. The company’s earnings missed estimates by 5%, as it continued to experience net flows for the quarter, the analyst tells investors in a research note. The firm says that while management sounds optimistic about T. Rowe’s exposure in growth areas, fee pressure remains persistent.