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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on BlackRock

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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

DateFirmActionFromTo
Nov 2014BernsteinUpgradesMarket PerformOutperform
Nov 2014CitigroupUpgradesNeutralBuy
Oct 2014Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for BLK
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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