In a report released today, Brian Bedell from Deutsche Bank maintained a Buy rating on Blackrock Inc (BLK), with a price target of $444. The company’s shares closed yesterday at $406.88, close to its 52-week low of $376.31.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.9% and a 52.5% success rate. Bedell covers the Financial sector, focusing on stocks such as WisdomTree Investments, Affiliated Managers, and Franklin Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blackrock Inc with a $517.58 average price target, implying a 27.2% upside from current levels. In a report issued on November 14, Morgan Stanley also maintained a Buy rating on the stock with a $514 price target.
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The company has a one-year high of $594.52 and a one-year low of $376.31. Currently, Blackrock Inc has an average volume of 795.2K.
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BlackRock, Inc. engages in the provision of investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.
