Wells Fargo analyst Finian O’Shea lowered the firm’s price target on BlackRock to $780 from $840 on deterioration in sentiment toward financial names. The firm keeps an Overweight rating on the shares, mainly on the relative prospects for BlackRock’s fund flows and financial strength.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BLK:
- BlackRock price target lowered to $779 from $800 at JPMorgan
- 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