Morgan Stanley raised the firm’s price target on BlackRock to $1,150 from $1,036 and keeps an Overweight rating on the shares. The firm expects $10.73 of EPS in Q3, which it notes is 5% ahead of consensus, and for flows to beat consensus with accelerating new assets. The build-out of the private markets business can accelerate growth, contends the firm, which also sees scope for investor re-risking to boost flows.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- BlackRock price target raised to $1,010 from $990 at Barclays
- Options Volatility and Implied Earnings Moves This Week, October 07 – October 11, 2024
- BlackRock price target raised to $1,040 from $960 at Goldman Sachs
- Goldman Sachs (NYSE:GS) Says U.S. Hedge Funds are Buying Chinese Stocks at Record Pace
- BlackRock Finance Unveils Post-Merger Strategic Reorganization