Blackrock Inc Gets a Buy Rating from Credit Suisse

By Carrie Williams

Credit Suisse analyst Craig Siegenthaler maintained a Buy rating on Blackrock Inc (NYSE: BLK) yesterday and set a price target of $743. The company’s shares closed yesterday at $499.04.

According to, Siegenthaler is a 4-star analyst with an average return of 7.9% and a 64.1% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and Affiliated Managers.

Blackrock Inc has an analyst consensus of Moderate Buy, with a price target consensus of $628.60, which is a 26.0% upside from current levels. In a report issued on June 18, Citigroup also upgraded the stock to Buy with a $610 price target.


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Blackrock Inc’s market cap is currently $80B and has a P/E ratio of 15.72. The company has a Price to Book ratio of 2.50.

Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock.

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BlackRock, Inc. engages in the provision of investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.