Evercore ISI raised the firm’s price target on BlackRock to $1,040 from $995 and keeps an Outperform rating on the shares. $160B of long-term inflows in Q3 is “an eye-popping number,” argues the analyst, who says when combined with a top-of-the-group 46% operating margin, 350 basis points of positive operating leverage and progress on private markets, it all “makes for a compelling investment case for BlackRock.”
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