Citi analyst William Katz reaffirmed a Buy rating for T Rowe Price Group TROW, while lowering EPS to $57.00 from $60.00.
According to Katz, upsides for T Rowe Price include:
"1) TROW well positioned to outgrow sector organically; and
2) buyback likely dominant liquidity/FCF theme"
Risks include:
"1) less margin upside versus prior expectations; and
2) 2010-2012 consensus estimates are at risk"
2010-2012 EPS estimates were revised downwards to $2.45/$2.68/$3.03 from $2.49/$2.73/$3.12.
TROW is currently trading at $49.31.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsAsset Management & Custody BanksCitiFinancialsWilliam Katz
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