BofA raised the firm’s price target on BlackRock (BLK) to $1,196 from $1,194 and keeps a Buy rating on the shares after its Q4 earnings beat. iShares drove the company to record long-term net flows in 2024 while its money market inflows also recorded a record, the analyst tells investors in a research note. In 2025, the firm expects re-risking and re-balancing trends to accelerate and for HPS, GIP and Preqin to contribute positively to BlackRock’s base fee organic growth, BofA added.
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