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Fly News Breaks for September 7, 2018
TROW
Sep 7, 2018 | 06:58 EDT
Deutsche Bank analyst Brian Bedell last night downgraded T. Rowe Price to Hold from Buy and lowered his price target for the shares to $118 from $135. Thru August, trends are worsening for active managers and T. Rowe Price has posted weaker performance relative to peers, Bedell tells investors in a research note. In contrast, the analyst sees volumes for e-brokers trending well.
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