Evercore ISI Lowers T. Rowe Price Target Amid Equity Outflow Concerns

Evercore ISI has reduced its price target for T. Rowe Price Group (TROW) to $106 from $116. The analyst firm maintained an "In Line" rating on the asset management company's shares. This adjustment primarily stems from significant concerns regarding equity outflows. Despite these challenges, T. Rowe Price reported substantial assets under management, totaling $1.78 trillion by the end of 2025. The revised target reflects Evercore ISI's cautious outlook on TROW's near-term valuation due to these fundamental pressures.