Market Overview

Morgan Stanley Sees Multiple Growth Drivers For BlackRock

Related BLK
BlackRock Still Growing Despite Difficult Landscape
Why BlackRock Deserves To Trade At A Premium To Peers
BlackRock, Inc. 2016 Q3 - Results - Earnings Call Slides (Seeking Alpha)

In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $367.00 price target on BlackRock (NYSE: BLK).

In the report, Morgan Stanley noted, “We view BLK as well positioned in the current landscape given iShares platform, multi-asset & alts, & expect 12.1% 2013-15e EPS CAGR via ~4% organic growth & continued operating margin expansion. We expect BLK to gradually trade at a premium to peers (vs in-line now) as organic growth outpaces investor concerns of ‘too big to grow' and operating margin continues to grow. In the near-term, we believe BLK could outperform as investors play the ‘retail re-risking' trade on the view that iShares inflows accelerate.”

BlackRock closed on Tuesday at $312.05.

Latest Ratings for BLK

Oct 2016Keefe Bruyette & WoodsMaintainsMarket Perform
Oct 2016BarclaysMaintainsEqual-Weight
Oct 2016JefferiesMaintainsHold

View More Analyst Ratings for BLK
View the Latest Analyst Ratings

Posted-In: Betsy L. Graseck Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (BLK)

View Comments and Join the Discussion!