Bank Of America Reinstates Coverage On BlackRock With Buy Rating

According to Bank of America, BlackRock BLK coverage is reinstated with a Buy rating. Bank of America said that it is reinstating BlackRock (BLK) with a Buy rating and $216 price objective. “BLK shares are trading in line with peers at 11.7x ‘12E.” BlackRock closed yesterday at $159.90.
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Posted In: Analyst ColorAnalyst RatingsAsset Management & Custody BanksBank of America Merrill LynchFinancials
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