UBS Maintains Sell on T. Rowe Price Gr, Raises Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has maintained a Sell rating on T. Rowe Price Group (NASDAQ:TROW) but increased the price target from $86 to $102.

January 10, 2024 | 2:22 pm
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UBS analyst Brennan Hawken maintains a Sell rating on T. Rowe Price Group but raises the price target from $86 to $102.
While the Sell rating suggests a negative outlook on T. Rowe Price Group's stock, the increase in price target from $86 to $102 could imply that the stock's downside may not be as significant as previously thought, or that the market conditions have changed to warrant a higher valuation despite the Sell recommendation. This mixed signal might lead to a neutral short-term impact on the stock price as the market digests the information.
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IMPORTANCE 75
RELEVANCE 100