Jefferies & Company Reports on T. Rowe Price

Jefferies & Company commented on T. Rowe Price TROW in a report released today. In the report, Jefferies & Company was positive in its assessment of T. Rowe Price. Jefferies writes, “Earlier this week we sat down with the management of TROW. Retail flows are experiencing a pick-up in activity and institutional flows are seeing demand trends comparable to 2010. The intermediary and direct channels continue to be significant sources of flows and are growing at an accelerated rate. Risks to our est. include weakness in equity markets, fund outflows, and margin compression.” Jefferies currently has a Buy rating on T. Rowe Price and a price target of $73. Shares of TROW closed yesterday at $63.28, up from $62.06 at open.