UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on BlackRock
In a report published Wednesday, Jefferies & Company reiterated its Hold rating on BlackRock (NYSE: BLK), and raised its price target from $198.00 to $215.00.
Jefferies noted, “Both the traditional and alternative asset managers will begin reporting 4Q earnings next week, with BLK kicking things off on Wed, Jan 16th. Our numbers move modestly higher, mostly due to int'l equity market gains and an improved outlook for performance fees. We see AMG and BLK as relative positive stand-outs in terms of organic growth in the period.”
BlackRock closed on Tuesday at $214.26.
Latest Ratings for BLK
|Oct 2014||Keefe Bruyette & Woods||Maintains||Outperform|
|Oct 2014||Bank of America||Maintains||Buy|
|Oct 2014||Deutsche Bank||Maintains||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.