T. Rowe Price Group Inc

TROW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$872.00	Rbcq	Gxkccddrjh

T. Rowe Price Should Continue to Hold Its Own in a Difficult Market for Growth Equities

Greggory Warren

Feb 6, 2023

Despite the U.S. equity markets being up solidly since the start of the year, we are leaving our $120 per share fair value estimate for wide-moat-rated T. Rowe Price in place. We have, however, moved our Uncertainty Rating for the firm to High from Medium, requiring a wider margin of safety before recommending the shares, which are currently slightly overvalued relative to our fair value estimate.

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