Jefferies raised the firm’s price target on BlackRock to $781 from $741 and keeps a Buy rating on the shares. In an earnings preview for the asset manager group, the analyst notes that the firm’s Q2 EPS estimates have been increased by 3.6% on average, while its full year 2023 EPS estimates are up by about 1.3%, pointing to positive beta as the primary factor for the estimate increases.
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