Investment manager T. Rowe Price Group, Inc. (
) on Thursday caught a big downgrade from analysts at Credit
The firm cut its rating on TROW from "Outperform" to "Neutral"
with a $66 price target, which suggests a 4% upside to the stock's
Wednesday closing price of $63.37.
Credit Suisse noted the company is facing rising costs and lower
institutional flows into its accounts.
T. Rowe Price shares were mostly flat in premarket trading
The Bottom Line
Shares of T.Rowe Price Group (
) have a 2.15% dividend yield, based on last night's closing stock
price of $63.37. The stock has technical support in the $57-$60
price area. The stock is trading near the all-time high range of
$65-$67 a share.
T. Rowe Price Group, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
Created by Dividend.com