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贝莱德创历史新高 因券商上调增长前景预测值

BlackRock hit a record high as brokerages raised their growth outlook forecasts.

Global market report ·  Oct 14 10:21

In early trading, stocks of BlackRock, the world's largest asset management company, rose by 1.1% at one point, hitting an all-time high.

The company's stock price briefly broke through the $1,000 mark, eventually rising by 0.9% to $999.21.

Previously, at least four brokerage firms (J.P. Morgan, Invesco, Barclays, Deutsche Bank) raised their target prices for BlackRock:

Morgan Stanley raised its target price from $1,150 to $1,245, a 25.7% increase from the previous trading day's closing price. The brokerage believes that BlackRock's business momentum is accelerating, with a strong channel for delegated business and an expanding private market business.

BlackRock announced a record quarterly inflow of $221 billion last Friday, marking a new high in assets under management for the third consecutive quarter.

As of the previous day's close, BlackRock's stock price has risen by 22% year-to-date.

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