(CercleFinance.com) – Jefferies confirms its buy recommendation on BlackRock with an unchanged price target of $925.
Following Q4 2023 results, Jefferies’ EPS estimate for Q1 2024 increases from $8.84 to $8.94, and the estimate for 2024 increases from $38.65 to $39.35, reflecting higher exit asset levels and slightly better fee rates.
‘Looking forward, the stock’s transformative M&A hurdle has been removed and de-risking client flows should begin to drive improvement in active flows,’ the office says. analyzes.
BlackRock, the world’s largest asset manager, published adjusted net profit up 7% year-on-year, to $1.45 billion for the fourth quarter of 2023, or $9.66 per share (+8 %).
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