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BLK

BlackRock

$519.92

-18.48 (-3.43%)

06:33
04/09/18
04/09
06:33
04/09/18
06:33

BlackRock CEO says China is a top priority, FT reports

BlackRock CEO Larry Fink said China is a top priority after Beijing granted foreign asset management companies expanded access to the region last year, the Financial Times reports, citing Fink's annual letter to shareholders. Fink said the industry could be reshaped by changes to the global retirement market, the increasingly powerful role of technology and opportunities in China and added, "One of the most critical priorities for BlackRock today and into the future is increasing our presence and penetration in high-growth markets around the world, particularly in Asia and especially China. Demographic, economic and regulatory shifts - including high savings rates and rapid growth in household financial assets in these markets - will create significant opportunities." Reference Link

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BLK BlackRock
$519.92

-18.48 (-3.43%)

01/16/18
ARGS
01/16/18
NO CHANGE
Target $170
ARGS
Buy
PNC Financial price target raised to $170 from $150 at Argus
Argus analyst Stephen Biggar raised his price target on PNC Financial (PNC) to $170, citing the company's Q4 earnings beat that also featured a 9% rise in net interest income, a 5% increase in average loans, and a 19bps net interest margin expansion. The analyst also notes PNC Financial's management forecasting a 2018 effective tax rate of 17%, down from 25% paid in 2017. Biggar keeps his Buy rating on PNC Financial, adding that the stock should trade at a premium to peers based on its 21% stake in BlackRock (BLK) which offers a "healthy" recurring dividend stream.
01/25/18
SBSH
01/25/18
DOWNGRADE
Target $625
SBSH
Neutral
BlackRock downgraded to Neutral from Buy at Citi
Citi analyst William Katz downgraded BlackRock to Neutral saying the "revaluation thesis" is now well understood . The analyst sees less positive earnings and valuation surprise potential at current stock levels. He keeps a $625 price target for BlackRock shares.
01/25/18
01/25/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Discover (DFS) downgraded to In Line from Outperform at Evercore ISI. 2. BlackRock (BLK) downgraded to Neutral from Buy at Citi with analyst William Katz saying the "revaluation thesis" is now well understood. 3. bluebird bio (BLUE) downgraded to Market Perform from Outperform at Leerink with analyst Michael Schmidt saying the company's clinical stage pipeline now is fairly valued while visibility into additional near-term sources of upside is limited. 4. Jagged Peak Energy (JAG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Scott Hanold citing a tight frac service market in the Permian that lowers his projected growth outlook, saying the company is "more susceptible to frac service constraints due to its smaller scale and being a relatively newer entrant." 5. Varian Medical (VAR) downgraded to Sell from Neutral at Goldman Sachs with analyst Isaac Ro saying shares offer poor risk/reward versus MedTech peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/18
FBCO
04/05/18
NO CHANGE
Target $678
FBCO
Outperform
BlackRock price target raised to $678 from $672 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler raised his price target for BlackRock to $678 from $672 on valuation. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

OPBK

OP Bancorp

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MRK

Merck

$58.82

0.18 (0.31%)

05:11
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BDORY

Banco do Brasil

05:04
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05:04
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Banco do Brasil rating change  »

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STT

State Street

$99.64

-4.57 (-4.39%)

05:02
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05:02
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State Street rating change  »

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KORS

Michael Kors

$65.02

-0.7 (-1.07%)

04:57
04/23/18
04/23
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04:57
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Michael Kors rating change  »

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SYRS

Syros Pharmaceuticals

$12.60

-0.47 (-3.60%)

04:55
04/23/18
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Conference/Events
Syros Pharmaceuticals management to meet with Oppenheimer »

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AVEO

Aveo Oncology

$2.59

-0.05 (-1.89%)

04:55
04/23/18
04/23
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04:55
Conference/Events
Aveo Oncology management to meet with B. Riley FBR »

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CIGI

Colliers International

$70.20

0.75 (1.08%)

04:55
04/23/18
04/23
04:55
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04:55
Conference/Events
UBS REITs analyst to hold an analyst/industry conference call »

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CNAT

Conatus

$3.58

0.02 (0.56%)

04:55
04/23/18
04/23
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04:55
Conference/Events
Conatus management to meet with Oppenheimer »

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KMB

Kimberly-Clark

$100.04

-3.3 (-3.19%)

04:55
04/23/18
04/23
04:55
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04:55
Technical Analysis
Technical Earnings Preview: Kimberly-Clark near 5-year lows ahead of earnings »

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04:55
04/23/18
04/23
04:55
04/23/18
04:55
General news
Existing Home Sales to be reported at 10:00 »

March Existing Home Sales…

INFY

Infosys

$17.38

0.21 (1.22%)

04:55
04/23/18
04/23
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04:55
Conference/Events
Infosys to host analyst meeting »

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04:55
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General news
Breaking General news story  »

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MLNX

Mellanox

$75.80

-1.45 (-1.88%)

04:55
04/23/18
04/23
04:55
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04:55
Conference/Events
Mellanox management to meet with Loop Capital »

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APVO

Aptevo Therapeutics

$4.33

0.01 (0.23%)

04:55
04/23/18
04/23
04:55
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04:55
Conference/Events
Aptevo Therapeutics management to meet with Piper Jaffray »

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  • 23

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04:55
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04:55
General news
PMI Composite Flash â€' Level to be reported at 09:45 »

April PMI Composite Flash…

04:55
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General news
Breaking General news story  »

4-Week Bill Announcement…

IFRX

InflaRx

$38.78

1.67 (4.50%)

04:55
04/23/18
04/23
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04:55
Conference/Events
InflaRx has a conference call hosted by JPMorgan »

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  • 23

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Leerink healthcare analysts to hold an analyst/industry conference call »

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LUK

Leucadia

$24.02

-0.1 (-0.41%)

04:55
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Conference/Events
Leucadia management to meet with Oppenheimer »

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CNK

Cinemark

$39.66

-0.74 (-1.83%)

04:55
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Conference/Events
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CRAY

Cray

$22.40

-0.2 (-0.88%)

04:55
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Conference/Events
Cray management to meet with Craig Hallum »

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SNX

Synnex

$103.51

-0.33 (-0.32%)

04:55
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04/23
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04:55
Conference/Events
Synnex management to meet with Loop Capital »

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General news
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General news
Breaking General news story  »

3-Month Bill Auction to…

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