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Goldman Sachs Sticks to Its Sell Rating for T Rowe Price (TROW)
Goldman Sachs analyst maintained a Sell rating on T Rowe Price today and set a price target of $80.00.
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In addition to Goldman Sachs, T Rowe Price also received a Sell from Bank of America Securities’s Craig Siegenthaler in a report issued on April 5. However, on April 1, Morgan Stanley maintained a Hold rating on T Rowe Price (NASDAQ: TROW).
Based on T Rowe Price’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.93 billion and a net profit of $445.3 million. In comparison, last year the company earned a revenue of $1.82 billion and had a net profit of $439.9 million
Read More on TROW:
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- T. Rowe Price price target lowered to $73 from $83 at BofA
- T. Rowe Price price target lowered to $107 from $115 at Morgan Stanley
- T. Rowe Price reports preliminary AUM $1.8T as of February 28
- T. Rowe Price price target lowered to $99 from $106 at Evercore ISI
- T. Rowe Price reports preliminary AUM $1.8T as of January 31
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