Wednesday, May 24, 2017

T. Rowe Price shares down after analyst raises concerns over fiduciary rule

Shares of T. Rowe Price Group Inc. declined more than 4.5 percent in afternoon trading Wednesday after UBS Securities slashed its price target and recommended selling the money manager’s stock. Amid concerns about the impact of the U.S. Department of Labor’s fiduciary rule, analyst Brennan Hawken reduced his price target for Baltimore-based T. Rowe Price by almost 21 percent from $77 per share to $61. T. Rowe Price shares were down 4.29 percent to $68.01 in trading Wednesday. “T. Rowe has a solid…



from http://www.bizjournals.com/baltimore/news/2017/05/24/t-rowe-price-shares-down-after-analyst-raises.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/161029540487

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