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BlackRock price target raised to $990 from $950 at Barclays

Barclays raised the firm’s price target on BlackRock (BLK) to $990 from $950 and keeps an Overweight rating on the shares following the Q1 report. The company’s earnings beat, helped by a lower tax rate, and organic base fee growth was once again ahead of cycle guidance, the analyst tells investors in a research note.

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