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Downgrade Alert for T Rowe Price (TROW)

By David Diaz

T Rowe Price (NASDAQ:TROW) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $74.07 on volume of 1.2 million shares, below average daily volume of 1.4 million.

In the past 52 weeks, T Rowe Price share prices have been bracketed by a low of $63.57 and a high of $82.50 and closed yesterday at $74.07, 17% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 0.63% higher over the past week, respectively.

T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.

T Rowe Price (NASDAQ:TROW) has potential upside of 7.7% based on a current price of $74.07 and analysts' consensus price target of $79.76. The stock should discover initial support at its 50-day moving average (MA) of $73.70 and subsequent support at its 200-day MA of $72.32.

SmarTrend is monitoring the recent change of momentum in T Rowe Price. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of T Rowe Price in search of a potential trend change.

Keywords: analyst upgrades/downgrades t rowe price

Ticker(s): TROW