Morgan Stanley Maintains Equal-Weight on T. Rowe Price Gr, Raises Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on T. Rowe Price Group (TROW) and increased the price target from $101 to $106.

January 19, 2024 | 8:26 pm
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POSITIVE IMPACT
Morgan Stanley raised the price target for T. Rowe Price Group from $101 to $106 while maintaining an Equal-Weight rating.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on TROW's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains Equal-Weight, the recommendation does not suggest a strong buy, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100