Accueil > Actualité
Actualite financiere : Actualite bourse

BlackRock: Jefferies confirms Buy rating

( - Jefferies confirms its Buy rating on BlackRock shares, with an unchanged target price of $925.

Following Q4 2023 results, Jefferies has raised its Q1 2024 EPS estimate from $8.84 to $8.94, with that for FY 2024 up from $38.65 to $39.35, reflecting higher exit asset levels and slightly better fee rates.

Looking ahead, the transformative M&A hurdle for the stock has been removed, and reduced client flow risk should begin to drive improved asset flows, the broker says.

BlackRock, the world's largest asset manager, reported Q4 2023 adjusted net income that is up 7% y-o-y at $1.45bn, or $9.66 per share (+8%).

Copyright (c) 2024 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.