BlackRock price target raised to $1,300 from $1,215 at Keefe Bruyette

Keefe Bruyette analyst Alex Bond raised the firm’s price target on BlackRock (BLK) to $1,300 from $1,215 and keeps an Outperform rating on the shares after assuming coverage of the name. BlackRock is a core holding in the asset management space given the firm’s scale, diversified platform, and peer-leading growth and profitability metrics, the analyst tells investors in a research note.