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T. Rowe falls premarket after downgrade by Deutsche Bank

Sep. 07, 2018 8:03 AM ETT. Rowe Price Group, Inc. (TROW) StockTROWBy: Liz Kiesche, SA News Editor2 Comments
  • T. Rowe Price (NASDAQ:TROW) falls 1.2% in premarket trading after Deutsche Bank analyst Brian Bedell cuts the stock to hold, saying he likes e-brokers and exchanges through Q3.
  • Notes T. Rowe's weak August performance compared with its peers and sees volumes for e-brokers doing well and expects better volumes for exchanges this month.
  • After e-brokers and exchanges, Bedell ranks alternative managers, then  trust banks, with traditional asset managers at the bottom of his list.
  • Previously: T. Rowe Price July AUM rises 2.0% to $1.065T (Aug. 10)

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