Morgan Stanley raised the firm’s price target on BlackRock (BLK) to $1,486 from $1,362 and keeps an Overweight rating on the shares. A “slight EPS miss” versus consensus in Q3 was due to below the line items, though an “impressive” $205B of net new money with 10% organic base fee growth supports the growth outlook, the analyst tells investors in a post-earnings note.
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