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Fly News Breaks for May 16, 2018
TROW
May 16, 2018 | 06:18 EDT
Deutsche Bank analyst Brian Bedell upgraded T. Rowe Price to Buy and raised his price target for the shares to $139 from $121. The analyst believes now is the time to get more bullish on active managers. The pace of passive manager share gains has "slowed dramatically" in 2018 given the sustained alpha generation in many active mutual fund categories versus comparable exchange traded funds, Bedell tells investors in a research note.
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