Jefferies analyst Daniel Fannon maintains $Blackrock (BLK.US)$ with a buy rating, and adjusts the target price from $934 to $1,075.
According to TipRanks data, the analyst has a success rate of 64.8% and a total average return of 10.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Blackrock (BLK.US)$'s main analysts recently are as follows:
Expectations are set for BlackRock's earnings per share in Q3 to surpass consensus by 5%, with projections indicating a beat in flows through accelerating new assets. The expansion of the private markets business is anticipated to quicken growth, and there is potential for increased investor risk-taking to enhance flows.
The firm considers that we are progressively approaching a more 'normal' market environment. Signs of revival are being observed in the initial public market and merger markets, while the anticipation of interest rate movements is fostering renewed optimism. Nonetheless, it has been noted that activity in Q3 was somewhat softer than anticipated.
Note:
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