Morgan Stanley lowered the firm’s price target on T. Rowe Price (TROW) to $121 from $126 and keeps an Equal Weight rating on the shares. The firm lowered its 2025 EPS estimate 6.8% to $9.36 and 2026 EPS view 4.0% to $9.71 on higher operating expense and lower management fee forecasts.
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Read More on TROW:
- Hold Rating for T. Rowe Price Amid Lowered EPS Projections and Valuation Concerns
- T. Rowe Price reports preliminary AUM $1.65T as of January 31
- T. Rowe Price raises quarterly dividend to $1.27 from $1.24 per share
- T. Rowe Price price target lowered to $112 from $121 at TD Cowen
- T. Rowe Price price target raised to $113 from $111 at Keefe Bruyette