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Stock impact report

T. Rowe (TROW) Price Sees Modest Target Increase as Near-Term Pressures Persist [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
On December 17, Morgan Stanley raised its price target on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $128 from $126 and maintained an Equal Weight rating on the stock. In a preview note, the analyst said client flows were weaker than expected in the fourth quarter. As a result, the firm lowered its Q4 flow estimate by 30 basis points. Morgan Stanley also reduced its Q4 earnings estimates by about 5% on average across the asset managers it covers. The update reflects near-term pressure rather than a shift in long-term views. A few days earlier, on December 15, Goldman Sachs Asset Management and T. Rowe Price Group, Inc. (NASDAQ:TROW) announced the launch of co-branded model portfolios. This marks the first set of products to reach the market since the two firms revealed a strategic alliance in September. The new portfolios combine the firms' respective investment capabilities. They are designed for advisors serving mass-affluent and high-net-worth clients, with an emphasis on divers Show less Read more
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