T. Rowe Price Group (NASDAQ:TROW) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods has reiterated a "Market Perform" rating for T. Rowe Price Group (NASDAQ:TROW), lowering its price target to $115 from $120. Despite a generally cautious analyst sentiment with a "Reduce" consensus rating, the company recently surpassed quarterly earnings expectations with an EPS of $2.57 and revenue of $1.91 billion. TROW shares traded up by $0.80, reaching $112.55, and the company reported a market capitalization of $24.12 billion.