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Fly News Breaks for September 30, 2015
BLK, PNC
Sep 30, 2015 | 06:56 EDT
Deutsche Bank analyst Matt O'Connor points out that PNC Financial's (PNC) 22% stake in BlackRock (BLK) has grown to a market value of $10.3B. BlackRock has delivered strong earnings growth and adds diversification to PNC, O'Connor tells investors in a research note titled "Nuance or Nuisance? Revisiting PNC's Stake in BlackRock." He keeps a Buy rating on PNC with a $105 price target.
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