Deutsche Bank Downgrades BlackRock (BLK) to Hold

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March 16, 2012 7:11 AM EDT
Get Alerts BLK Hot Sheet
Price: $1,173.73 --0%

Rating Summary:
    20 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 16 | New: 19
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Deutsche Bank downgraded BlackRock (NYSE: BLK) from Buy to Hold with a price target of $210.00.

The firm comments, "For BLK, while we continue to view the firm as well positioned given its diverse product and distribution mix, given its run, a fair valuation, and few near term catalysts (capital actions mostly behind them in the near term), we see limited upside in the near term."

The firm adjusted 2012E EPS to $13.75 from $13.25 and our 2013E EPS to $15.75 from $15.50.

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 $205.08 yesterday.

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