UBS maintains a 'Buy' on BlackRock (BLK); 4Q11 Shows Strength of Diversified Model
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Price: $283.35 +0.19%
Rating Summary:
9 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
9 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade BLK Now!
UBS maintains a 'Buy' on BlackRock (NYSE: BLK) price target cut by $1 to $217.
UBS analyst said, "BLK reported a solid 4Q11 that reiterated the benefits of the company’s diversified model. Despite a challenging macro environment, the company posted organic asset growth of 3%, as outflows in active equity and fixed income offerings were more than offset by significant strength in passive products (iShares, institutional index). With the environment likely remaining volatile this year, we view BLK as a defensive play in the asset management group at an attractive valuation."
UBS lowers FY12E EPS to $12.75 from $12.85 and FY13 to $13.98 to $14.11.
For an analyst ratings summary and ratings history on BlackRock click here. For more ratings news on BlackRock click here.
Shares of BlackRock closed at $187.54 yesterday, with a 52 week range of $137.00-$209.77.
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UBS analyst said, "BLK reported a solid 4Q11 that reiterated the benefits of the company’s diversified model. Despite a challenging macro environment, the company posted organic asset growth of 3%, as outflows in active equity and fixed income offerings were more than offset by significant strength in passive products (iShares, institutional index). With the environment likely remaining volatile this year, we view BLK as a defensive play in the asset management group at an attractive valuation."
UBS lowers FY12E EPS to $12.75 from $12.85 and FY13 to $13.98 to $14.11.
For an analyst ratings summary and ratings history on BlackRock click here. For more ratings news on BlackRock click here.
Shares of BlackRock closed at $187.54 yesterday, with a 52 week range of $137.00-$209.77.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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