Wells Fargo Maintains Underweight on T. Rowe Price Gr, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea maintains an Underweight rating on T. Rowe Price Gr (NASDAQ:TROW) and raises the price target from $105 to $108.
February 09, 2024 | 2:24 pm
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Wells Fargo maintains an Underweight rating on T. Rowe Price Gr but raises the price target from $105 to $108.
The adjustment in price target by Wells Fargo suggests a slightly more positive outlook on T. Rowe Price Gr's valuation, despite maintaining an Underweight rating. This could indicate a belief in some underlying strengths or improvements in the company's performance or market position, but not enough to change the overall bearish stance. Investors might see this as a nuanced view, potentially leading to mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100