Citi Adds BlackRock (BLK) to 'Top Picks Live' as Stock to be Added to S&P 500

March 30, 2011 9:25 AM EDT
Get Alerts BLK Hot Sheet
Price: $1,173.73 -0.77%

Rating Summary:
    20 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Shares of BlackRock (NYSE: BLK) have pushed about 5 percent higher in Wednesday morning's pre-market trading session following news Tuesday night that the stock will be added to the S&P 500 index. The stock last traded at $196.51.

Likely adding to upside, an analyst at Citi added BlackRock shares to the firm's "Top Picks Live" list.

Citigroup maintains a Buy rating and $240 price target on shares of BlackRock. The firm's price target implies potential upside of about 22 percent from where the stock is trading Wednesday.

To track all the market-moving analyst action on BlackRock shares, visit our Analyst Ratings page.


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