Market Overview

UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on T. Rowe Price Group

Related TROW
Benzinga's Top Downgrades
UBS Downgrades T Rowe Price and LPL Financial; Upgrades Blackrock and Northern Trust
A Review Of All My Portfolios: DGI, Retirement And Other Investments (Seeking Alpha)

In a report published Wednesday, Credit Suisse reiterated its Neutral rating on T. Rowe Price Group (NASDAQ: TROW), but slightly lowered its price target from $66.00 to $65.00.

Credit Suisse noted, “TROW reported 4Q12 EPS of $0.88, which was 1 cent below our estimate and the consensus of $0.89. Operating income was $5M below our estimate of $366M due to weaker than forecasted mgmt fees, partially offset by lower compensation. Higher investment income drove non-operating income higher, while a lack of share repurchases lead to a higher than expected share count.”

T. Rowe Price Group closed on Tuesday at $71.61.

Latest Ratings for TROW

Oct 2015BarclaysMaintainsEqual-weight
Oct 2015JefferiesMaintainsBuy
Oct 2015JP MorganMaintainsUnderweight

View More Analyst Ratings for TROW
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings


Related Articles (TROW)

View Comments and Join the Discussion!

Get Benzinga's Newsletters