Morgan Stanley raised the firm’s price target on BlackRock to $952 from $897 and keeps an Overweight rating on the shares. With BlackRock scheduled to report earnings before the open on Friday, January 12, the firm revised its Q4 EPS estimate about 2% higher to $8.67 into the print, driven primarily by non-operating mark to market gains as a result of the recent market rally. The firm is also raising its FY24 and FY25 EPS estimates by 4% and 6%, respectively.
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