TD Cowen Upgrades BlackRock Shares to Buy, Raises Target to $1,405
Photo: TokenPost
TD Cowen upgraded BlackRock shares to Buy from Hold on Oct. 20 and lifted its price target to $1,405 after the asset manager posted $205.466 billion in third-quarter net inflows. The previous price target was $1,212. The rating applies to BlackRock shares and reflects an outlook for the broader company. Separately, BlackRock’s digital-asset products recorded $7.907 billion in net inflows during the quarter ended Sept. 30. The category held $79.632 billion in assets at quarter-end. Changes in market value added $22.889 billion to the category’s assets during the quarter, more than the amount added through net inflows.
Source: TokenPost
