Argus raised the firm’s price target on BlackRock (BLK) to $1,135 from $1,080 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat which featured long-term inflows above the $200B level and a continued surge in equity and fixed-income markets that brought total AUM to $11.6T at quarter end, the analyst tells investors in a research note.
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