Analysts have been eager to weigh in on the Financial sector with new ratings on Blackrock (BLK) and Credit Acceptance (CACC).
Blackrock (BLK)
Credit Suisse analyst Craig Siegenthaler reiterated a Buy rating on Blackrock yesterday and set a price target of $552.00. The company’s shares closed last Thursday at $546.60, close to its 52-week high of $576.81.
According to TipRanks.com, Siegenthaler is a 5-star analyst with an average return of 6.5% and a 62.0% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Raymond James Financial, and Affiliated Managers.
Currently, the analyst consensus on Blackrock is a Strong Buy with an average price target of $517.44, a -5.7% downside from current levels. In a report issued on May 13, Wells Fargo also maintained a Buy rating on the stock.
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Credit Acceptance (CACC)
In a report released yesterday, Moshe Orenbuch from Credit Suisse maintained a Sell rating on Credit Acceptance, with a price target of $200.00. The company’s shares closed last Thursday at $382.00.
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 8.9% and a 64.7% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Discover Financial Services, Santander Consumer USA, and Capital One Financial.
Currently, the analyst consensus on Credit Acceptance is a Moderate Sell with an average price target of $155.00, a -59.1% downside from current levels. In a report issued on May 26, BTIG also reiterated a Sell rating on the stock with a $160.00 price target.
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