Macquarie Upgrades BlackRock, Inc. (BLK) To Outperform

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Macquarie Capital (USA) Inc, in its recent equities research report upgraded BlackRock, Inc. (NYSE:BLK) from Neutral to Outperform. Macquarie (USA) believes BlackRock, Inc. (NYSE:BLK) has strength in multiple areas, such as industry flow, the ETF craze bandwagon and a solid dividend yield. The publicly owned investment manager BlackRock, Inc. (NYSE:BLK) primarily provides its services to institutional, intermediary, and individual investors. Macquarie (USA) estimates a 12-month target price of $315 for BlackRock, using DCF valuation methodology. Macquarie (USA) feels BlackRock, Inc. (NYSE:BLK) stands as one of the best dividend growth plays in the financial sector. Macquarie (USA) considers the strong macro flows coupled with…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports