Jefferies Reiterates Buy Rating On T. Rowe Price (TROW)

Analysts at Jefferies released a company update today on T. Rowe Price TROW. The firm has a Buy rating on the stock and a $60.00 price target. During the current trading session, TROW shares have risen 0.37% to $51.91. The analysts wrote, "Consistent inflows, industry leading margins, and a healthy balance sheet continue to make TROW a compelling investment. The company's superior investment performance positions it well for continued organic growth even in a more volatile market." Jefferies has raised its 3Q10 EPS estimate by $0.03 to $0.59 to reflect the recent rally in the equity markets. T. Rowe Price is expected to release its earnings on October 22nd.