T. Rowe Price Group Inc

TROW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$161.00	Vzft	Swcymyxnp

T. Rowe Price Earnings: Better Than Expected Results Offset by Dour Near-Term Flow Forecasts

Greggory Warren

Oct 27, 2023

While there was little in wide-moat-rated T. Rowe Price's third-quarter results that would alter our long-term view of the firm, we expect to lower our $110 per share fair value estimate 5%-10% to account for the impact that continued equity and credit market headwinds will have on results in both the near and long term.

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