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 |
|
Monday, July 21, 2008 Analysts See T. Rowe Stock Heading North T. Rowe Price's stock is faring better than its other publicly traded peers, and some analysts and money managers see the Baltimore fund firm's stock going up by at least 10 percent above recent levels, reports Barron's Lawrence Strauss. The stock was trading in the neighborhood of $54 last week. Strauss notes that most publicly traded asset management firms have seen their stock drop by more than 20 percent this year; in T. Rowe's case, the stock is down just 10 percent. Strauss pointed out that T. Rowe, which has $380 billion in AUM, has no debt and has strong fund performance. In addition, it has one of the industry's best operating margins, as well as an increasing presence in the 401(k) and overseas markets. Printed from: MFWire.com/story.asp?s=18866 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |