Wells Fargo & Co (NYSE: WFC) analysts raised their price target range on T. Rowe Price Group (Nasdaq: TROW) from $53-56 to $56-59.
The San Francisco-based bank also maintained its “market perform” rating for the company.
Wells analyst says, “TROW has demonstrated strong performance relative to many competitors in the asset management sector. Longer term, we believe that the current share price may represent a strong entry point. However, all else equal, we’d prefer to get more aggressive with TROW shares on a pullback.”
T. Row Price is a financial services holding company which offers mutual fund products and offers advisory service to individual and institutional investors.
