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Fly News Breaks for April 15, 2016
BLK
Apr 15, 2016 | 07:16 EDT
UBS analyst Brennan Hawken noted that BlackRock's flows were positive in both active and passive strategies and across all regions in Q1 and that the company's outlook for expenses was generally positive. Hawken, who views Blackrock one of the best organic growth stories in the investment services sector, raised his 2016 and 2017 EPS estimates and increased his price target on shares to $390 from $350. The firm keeps a Buy rating on the stock.
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