Wells Fargo Initiates Coverage On T. Rowe Price Gr with Equal-Weight Rating, Announces Price Target of $109
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on T. Rowe Price Group with an Equal-Weight rating and set a price target of $109.

September 12, 2024 | 2:21 pm
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Wells Fargo has initiated coverage on T. Rowe Price Group with an Equal-Weight rating and a price target of $109, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that Wells Fargo sees T. Rowe Price Group performing in line with the market. The price target of $109 provides a specific valuation expectation, which is crucial for investors. However, the neutral rating implies no strong buy or sell recommendation, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100