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BMO Capital Markets Lowers T. Rowe Price Group (NASDAQ:TROW) Price Target to $104.00
BMO Capital Markets has reduced its price target for T. Rowe Price Group (NASDAQ:TROW) to $104.00 from $110.00, while maintaining a “market perform” rating. Other firms like Evercore, Morgan Stanley, JPMorgan, and Goldman Sachs have also recently lowered their price targets for the asset manager. The company recently reported quarterly earnings of $2.44 EPS, missing consensus estimates by $0.03, and revenue of $1.93 billion, which was up 6% year-over-year.