BlackRock price target raised to $1,000 from $952 at Morgan Stanley

Morgan Stanley raised the firm’s price target on BlackRock to $1,000 from $952 and keeps an Overweight rating on the shares. The firm, which believes BlackRock’s breadth of capabilities and top brand “uniquely position the firm to capture key growth zones over the next several years,” expects this to drive better earnings than the market expects, so it reiterates the stock as a Top Pick, noting its new price target represents 27% upside.