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T. Rowe Price European Stock PRESX

Analyst rating as of
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Morningstar’s Analysis

Will PRESX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Upcoming manager and process changes.

Senior Analyst

Summary

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Tobias Mueller is replacing longtime manager Dean Tenerelli at the helm of T. Rowe Price European Stock later this year. Mueller has solid credentials and strong support, and manager transitions are normally smooth and successful at T. Rowe Price. But Mueller has limited portfolio management experience, and his process, though sound, is untested over time and different from Tenerelli’s approach. Thus, the Morningstar Analyst Ratings of both share classes are downgraded to Neutral.

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