Barclays Initiates Coverage On T. Rowe Price Gr with Underweight Rating, Announces Price Target of $99
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish has initiated coverage on T. Rowe Price Group (NASDAQ:TROW) with an Underweight rating and set a price target of $99.
August 27, 2024 | 12:21 pm
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Barclays has initiated coverage on T. Rowe Price Group with an Underweight rating and a price target of $99, suggesting potential downside.
The Underweight rating and a price target of $99 from Barclays suggest that the stock is expected to underperform. This could lead to a negative short-term impact on TROW's stock price as investors may react to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100