Wells Fargo lowered the firm’s price target on BlackRock (BLK) to $1,170 from $1,180 and keeps an Overweight rating on the shares. The firm cites a somewhat weak Q2 and noisy elements in forward guidance. However, Wells remains bullish on the strong positioning in total, but especially in higher fee areas, and views the pullback in the stock as an opportunity to accumulate shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- BlackRock price target raised to $1,224 from $1,214 at BofA
- BlackRock’s Strategic Growth and Leadership in Target Date Funds and Private Markets
- BlackRock’s Strategic Positioning and Growth Prospects Justify Buy Rating Despite Recent Setbacks
- BlackRock (BLK) Stock Slides 6% as Investors Look Past Record AUM and Strong EPS Beat
- BlackRock Inc. Reports Strong Q2 2025 Results