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Fly News Breaks for January 2, 2020
TROW
Jan 2, 2020 | 06:32 EDT
Wells Fargo analyst Christopher Harris upgraded T. Rowe Price to Overweight from Equal Weight with a price target of $145, up from $114, as part of a broader research note on asset managers. In a research note to investors, Harris says T. Rowe Price has meaningfully outperformed on organic growth, and he now has greater conviction in its ability to do this consistently. Harris adds that T. Rowe Price has perhaps the biggest non-U.S. opportunity within his coverage, a nice complement to its relatively stable retirement business.
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