Citi Reiterates Buy Rating On BLK

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.