JPMorgan analyst Kenneth Worthington lowered the firm’s price target on BlackRock to $779 from $800 and keeps an Overweight rating on the shares. BlackRock exchange traded fund flows ended the quarter in the positive after a surge of fixed income ETF flows, the analyst tells investors in a research note. However, the firm lowered estimates on weaker markets in February.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BLK:
- BlackRock® Canada Announces Exchange Ratios for iShares ETF Mergers
- BlackRock® Canada Announces Final March Cash Distributions for the iShares® Premium Money Market ETF
- BlackRock® Canada Announces Final March Cash Distributions for iShares U.S. High Yield Fixed Income Index ETF (CAD-Hedged) and iShares Short Term High Quality Canadian Bond Index ETF
- BlackRock denies bid for Credit Suisse after Financial Times report
- BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs