- 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)
T. Rowe falls premarket after downgrade by Deutsche Bank
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Symbol | Last Price | % Chg |
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TROW | - | - |
T. Rowe Price Group, Inc. |