Morgan Stanley analyst Michael Cyprys raised the firm’s price target on BlackRock (BLK) to $1,275 from $1,261 and keeps an Overweight rating on the shares. Q4 earnings beat consensus by 8%, notes the analyst, who argues that the acquisitions of GIP, Preqin, and HPS are “set to unlock growth vectors across private markets and data/technology.” Organic base fee growth, with expense control and deal accretion and synergies, support a 16% EPS growth outlook, the analyst tells investors.
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