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Blackrock (BLK) Received its Third Buy in a Row

After Bank of America Securities and Deutsche Bank gave Blackrock (NYSE: BLK) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst Daniel Fannon maintained a Buy rating on Blackrock today and set a price target of $1014.00. The company’s shares closed last Thursday at $867.58.

According to TipRanks.com, Fannon is a 5-star analyst with an average return of 13.0% and a 71.3% success rate. Fannon covers the Financial sector, focusing on stocks such as Intercontinental Exchange, WisdomTree Investments, and Janus Henderson Group.

Blackrock has an analyst consensus of Strong Buy, with a price target consensus of $1039.14, representing a 16.7% upside. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a $1123.00 price target.

See the top stocks recommended by analysts >>

The company has a one-year high of $973.16 and a one-year low of $670.28. Currently, Blackrock has an average volume of 510.3K.

Based on the recent corporate insider activity of 135 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1988, New York-based BlackRock, Inc. is a global investment manager, and offers investment management, risk management, and advisory services for institutions, financial professionals and individuals.

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