Citi has issued a report maintaining the Buy Rating on BlackRock Inc BLK.
According to Citi, "We estimate 14% to 17% 2012 EPS potential accretion should BLK repurchase Barclay's ~20% stake at $200 to $260 per share range. In essence, a buyback of this magnitude could accelerate EPS leverage by a full year, bringing 2013 estimates into 2012 and should not be ignored by management, in our view, before considering removing a technical overhang."
BLK has a $240 PT and closed yesterday at $199.85 a share.
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