TD Cowen raised the firm’s price target on BlackRock (BLK) to $1,407 from $1,301 and keeps a Buy rating on the shares. The firm said there is much to like following the compoany’s Q3 update including upgrades to consensus long-term organic growth assumptions, bringing forward 2030E KPIs and they continue to see strong line of sight to $100 of earnings power and a further widening in the multiple reflecting comparative flow growth, strong execution and alignment to a number of key mega TAMs.
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