Jefferies Reiterates Hold Rating, $195 PT for BlackRock
In a company update published earlier today, Jefferies & Company, Inc. reiterated its Hold rating and $195.00 price target for BlackRock, Inc. (NYSE: BLK).
Jefferies said in its report “This morning Barclays announced it was selling its entire 19.6% stake (35.2M shares) in BLK through a secondary offering. As part of the sale, BLK will repurchase approx. $1.0B worth of shares, reducing shares outstanding by approx. 3%. The Barclays sale removes an overhang on BLK and permits the company to be more aggressive with share repurchases going forward as the public float increases.”
BlackRock, Inc. closed on Friday at $171.91.
Latest Ratings for BLK
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Exane BNP Paribas | Downgrades | Outperform | Neutral |
| Feb 2022 | Deutsche Bank | Maintains | Buy | |
| Jan 2022 | Morgan Stanley | Maintains | Overweight |
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Posted-In: Jefferies & Company Inc.Analyst Color Reiteration Analyst Ratings
