BlackRock climbs after two brokerages raise price targets
BUZZ-BlackRock climbs after two brokerages raise price targets ** Shares of BlackRock BLK.N rise after J.P. Morgan raises PT to $1,435 from $1,364, maintains "overweight" rating
** Brokerage expects $51 billion in equity and $65 billion in fixed-income iShares inflows in Q3, supporting solid net sales
** J.P. Morgan sees iShares as a key organic growth driver, with further growth opportunities in private markets, retail, digital and international distribution
** Brokerage says integration of BlackRock's private-market acquisitions is progressing in the right direction and valuation remains attractive
** Jefferies also raises PT to $1,260 from $1,222
** 18 of 20 brokerages rate the stock "buy" or higher, two "hold"; median PT $1,300 — data compiled by LSEG
** Stock trading at 16.96 times expected EPS over the next 12 months, well above industry median of 10.97
** BLK up 17.07% YTD
(Reporting by Jayasree Prabhu)
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