Morgan Stanley raised the firm’s price target on T. Rowe Price (TROW) to $132 from $129 and keeps an Equal Weight rating on the shares. For the asset manager group, the firm raised Q4 EPS estimates by 0.7% on average, driven by higher asset under management levels given better markets and flows. The firm notes its forecasts are 5% above Q4 consensus estimates, but thinks it is likely consensus “has yet to mark to market” for the quarter.
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- T. Rowe Price price target raised to $120 from $115 at Deutsche Bank
- T. Rowe Price price target raised to $115 from $113 at Deutsche Bank
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