UBS upgraded BlackRock (BLK) to Buy from Neutral with a $1,280 price target The upgrade is supported by strong Q4 results, positive commentary at the UBS Financials conference, and a solid start to Q1 flows, the analyst tells investors in a research note. Durable management fee growth and margin expansion could support low- to mid-teens earnings growth and drive potential multiple re-rating into the low 20s with high-teens upside, the firm says.
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