Stock Analyst Note
T. Rowe Price Earnings: Improved Flows, Market Gains Lift Near-Term Results, but Headwinds Persist
There was little in wide-moat-rated T. Rowe Price's fourth-quarter results that would alter our long-term view of the firm. We are leaving our $115 per share fair value estimate in place and view the company's shares as being slightly undervalued right now.