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Rating:T. Rowe Gets No Love from Analysts Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 28, 2011

T. Rowe Gets No Love from Analysts

News summary by MFWire's editors

Analysts are a tough crowd, especially ones from Zacks Investment Research. Equities research analysts at the firm last week downgraded shares of T. Rowe Price [see profile] from an “outperform” rating to a “neutral” rating, American Banking & Market News reports.

Analyst Moumita C Chattopadhyay reportedly downgraded the firm "based on rising operating expenses and regulatory headwinds" even though T. Rowe’s fourth quarter 2010 earnings "came in substantially better than the year-ago quarter’s earnings and the Zacks Consensus Estimate" and its "fundamentals remain strong with a debt-free position". Analysts at Wells Fargo & Co. also reportedly downgraded shares of T. Rowe Price from an “outperform” rating to a “market perform” rating in early January.

However, analysts at Barclays Capital were a friendlier crowd, raising their price target on shares of T. Rowe Price from $69.00 to $71.00 in January. They now have an “equal weight” rating on the stock.  

Edited by: Hung Tran


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