Blackrock Inc (BLK) Receives a Hold from Wells Fargo


In a report issued on July 12, Christopher Harris from Wells Fargo maintained a Hold rating on Blackrock Inc (BLK). The company’s shares closed on Friday at $482.46.

According to TipRanks.com, Harris is a 4-star analyst with an average return of 10.4% and a 71.6% success rate. Harris covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Cboe Global Markets Inc, and Raymond James Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blackrock Inc with a $506.83 average price target, a 5.1% upside from current levels. In a report issued on July 11, Deutsche Bank also maintained a Hold rating on the stock with a $436 price target.

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The company has a one-year high of $513 and a one-year low of $360.79. Currently, Blackrock Inc has an average volume of 507.1K.

Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BlackRock, Inc. engages in providing 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.

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