T. Rowe Price (NASDAQ:TROW) Growing Strong Organically

Susquehanna reiterated their "Positive" rating on T. Rowe Price (NASDAQ:TROW), saying their ability to consistently grow organically in a variety of economic conditions shows its strength.

"Industry-leading investment performance, coupled with a strong foothold in the defined contribution space, has enabled TROW to establish a consistent track record of positive organic growth through a variety of market conditions," said Susquehanna.

They noted that T. Rowe Price has had positive mutual fund flow in 40 of the last 46 months.

T. Rowe closed Wednesday at $57.40, gaining $0.54, or 0.95 percent. Susquehanna has a price target of $70 on them, raising it from $60.