Jefferies Raises TROW 4Q EPS Estimate; PT Jumps To $75

T. Rowe Price TROW is expected to report 4Q10 earnings on January 28th. “We are increasing our 4Q EPS estimate by $0.05 to $0.69 to reflect the performance of the equity markets in the quarter,” Jefferies writes. “Consistent inflows, superior margins, and a healthy balance sheet continue to make TROW a compelling investment. The company's superior investment performance positions it well for accelerating organic growth in a more favorable market environment.” Jefferies has raised its PT to $75 from $62. T. Rowe Price closed Tuesday at $65.21.