Barclays: What to Expect From Blackrock's Investor Day

BlackRock, Inc. BLK is holding an investor day on June 15. Barclays spelled out as to what to expect on that day. The brokerage has an Equal-Weight rating and $363 price target on shares.

The brokerage said, "We consider BLK as one of the highest quality traditional asset managers in our coverage given its diversified and leading position in active, ETFs, solutions, technology, multi-asset, and alternatives. Rather than a significant shift in strategy, we expect an update on how BLK is evolving to respond to market/regulatory challenges in today's environment."

The investment advisor believes that overall, it liked the company but believes it's getting a decent amount of credit for its high quality business. That said, the brokerage expects some upside potential for the shares if Blackrock could effectively demonstrate a case for sustainably better organic growth than peers in the long run.

As far as the regulatory and political outlook, Barclays thinks it presented decent outlook. However, the brokerage expects the BlackRock to come forward to provide an update on its positioning around the fiduciary rule. On the whole, the brokerage sees the company as one of the best positioned due to its breadth of product and strong technology offering.

The brokerage said, "We anticipate that iShares will remain a key focus for BLK. In particular, we are looking for commentary around fixed income and smart-beta ETFs, which have consistently outpaced industry growth levels."