Barclays analyst Benjamin Budish lowered the firm’s price target on BlackRock (BLK) to $1,160 from $1,220 and keeps an Overweight rating on the shares. The firm models a 1% earnings beat in Q4. In 2025, the key narrative will be the ongoing buildout and integration of BlackRock’s alts business and fixed income rotation, the analyst tells investors in a research note.
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