Investment manager BlackRock, Inc. (BLK) on Thursday caught some bullish commentary from analysts at Credit Suisse.
The firm maintained its “Neutral” rating on BLK but lifted its price target to $196. That new target suggests a 12% upside to the stock’s Wednesday closing price of $175.05.
Credit Suisse also boosted its earnings estimates for the company, citing improved operating momentum indicated in the company’s second quarter report.
BlackRock shares were mostly flat in Thursday morning trading.
The Bottom Line
We have been recommending shares of Blackrock (BLK) since May 18, when the stock was trading at $173.97. The company has a 3.43% dividend yield, based on last night’s closing stock price of $175.05.
BlackRock, Inc. (BLK) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.