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Fly News Breaks for January 16, 2020
BLK
Jan 16, 2020 | 07:57 EDT
BMO Capital analyst James Fotheringham raised his price target on BlackRock to $505 after its "revenue-driven" Q4 earnings beat, saying he continues to expect the company to capture market share from its traditional asset management peers. The analyst also raises his FY20 and FY21 EPS views by $1.05 and 43c to $31.56 and $33.45 respectively but keeps his Market Perform rating on BlackRock however, noting that he sees limited upside to his valuation.
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