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Fly News Breaks for January 16, 2020
BLK
Jan 16, 2020 | 06:25 EDT
Citi analyst William Katz raised his price target for BlackRock to $600 from $580 saying the company's Q4 results and post-quarter commentary support its price-to-earnings multiple for several reasons. The update "sets the stage for another year of differentiated" net new assets growth, and management offered "compelling opportunities" around iShares and Technology-related revenue growth, Katz tells investors in a research note. He keeps a Buy rating on BlackRock.
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