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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
Jul 2016Keefe Bruyette & WoodsDowngradesOutperformMarket Perform
Jul 2016BarclaysMaintainsEqualweight
Jul 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for BLK
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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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