MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 14, 2008 T. Rowe Stock Gets a Downgrade Analysts at Credit Suisse have lowered their rating on T. Rowe Price from outperform to neutral, citing the Baltimore fund firm's high sensitivity to retail investors. "Despite a strong focus in the attractive Target Date Fund and 401(k) markets, we believe T. Rowe Price's overall exposure to the retail consumer has caused an increasing risk to organic growth," the analysts wrote in a report published in Barron's. The analysts revised their 2008/2009 earnings-per-share estimates to $2.60/$3.06 from $2.71/$3.22 and their price target to $55 from $57. Printed from: MFWire.com/story.asp?s=17407 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |