BUZZ-J.P. Morgan raises PT on BlackRock following strong inflows
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J.P. Morgan has raised its price target on BlackRockto $1,242 from $1,093 while maintaining a "neutral" rating. This adjustment comes ahead of Q3 results, reflecting increased estimates due to market appreciation and strong investor demand, particularly in passive products. However, demand for active equity and non-ETF index products is expected to remain weak. Currently, 16 of the 19 analysts covering BlackRock have a "buy" or higher rating, with a median price target of $1,205. Year-to-date, BlackRock shares have risen by 11.31%.
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