Barclays initiated coverage of BlackRock with an Overweight rating and $985 price target. Relative to the rest of its coverage, the firm sees the traditional asset managers “facing the most meaningful industry-wide headwinds. BlackRock is the largest asset manager in the world, and has one of the faster organic growth profiles in the space despite its size, the analyst tells investors in a research note. The firm says the company is well aligned with key thematic growth areas.
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