Bank of America Cuts T. Rowe (TROW) Price Target, Sees “Challenging” Start to 2026

T. Rowe Price Group, Inc. (NASDAQ:TROW) is included among the 15 Blue Chip Stocks with Highest Dividends.

On April 5, Bank of America lowered its price recommendation on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $73 from $83. It reiterated an Underperform rating on the shares. The firm cut targets across the asset managers group as part of its Q1 preview. It pointed to macro indicators that suggest a “challenging” first half of 2026. Based on that backdrop, BofA said it does not see any companies in the group set up for strong Q1 results.

On April 1, Morgan Stanley also lowered its price goal on T. Rowe Price, bringing it down to $107 from $115, while maintaining an Equal Weight rating. The firm is taking a cautious near-term view on traditional asset managers. It sees more downside risk to its estimates, even with expectations for modest Q1 beats, the analyst said in a preview note.

T. Rowe Price Group, Inc. (NASDAQ:TROW) operates as a financial services holding company that provides investment advisory services globally. It offers a range of strategies across equities, fixed income, multi-asset, and alternatives, serving individual investors, advisors, institutions, and retirement plan sponsors.

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