Morgan Stanley lowered the firm’s price target on BlackRock (BLK) to $1,224 from $1,247 and keeps an Overweight rating on the shares. Morgan Stanley has increased confidence in BlackRock’s ability to exceed a 5% organic base fee growth over time on the back of Q2’s 6% pace, the analyst tells investors in a research note.
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Read More on BLK:
- BlackRock price target lowered to $1,215 from $1,260 at Keefe Bruyette
- BlackRock price target lowered to $1,170 from $1,180 at Wells Fargo
- 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