T. Rowe Price: Upgrading To Strong Buy Amid Rising AUM

Summary

  • T. Rowe Price Group Inc. has delivered a 14% return since my Buy recommendation, but has trailed the S&P 500’s 32% return.
  • AUM has risen due to strong equity market performance and improving long-term flows.
  • TROW’s valuation is now more attractive relative to the broader market and peers than was previously the case.
  • I view TROW as highly attractive at current levels and am upgrading the stock to a Strong Buy.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) have delivered a total return of 14% since my initial Buy recommendation, T. Rowe Price: Why I Would buy The Dip was published on October 24, 2023. Comparably, the S&P 500

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