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Fly News Breaks for April 17, 2019
BLK
Apr 17, 2019 | 09:11 EDT
Wells Fargo analyst Christopher Harris raised his price target for BlackRock to $480 from $460 as the shares outperformed on the day of the Q1 earnings report, seemingly because of solid organic growth, better-than-expected base fee revenue and average fee rate and no change in expense guidance despite year to date stock market strength. The analyst reiterates a Market Perform rating on the shares.
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