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BlackRock reports strong earnings, boosting revenue by 22.6%, though some firms lower price targets.
BlackRock Inc. reported strong fourth-quarter earnings, beating analyst expectations with a 22.6% revenue increase to $5.68 billion.
Despite this, several firms have lowered their price targets, including TD Cowen and Morgan Stanley.
Institutional investors like Argent Trust Co have increased their holdings, while others like Blue Edge Capital LLC have reduced their stakes slightly.
The stock has seen price fluctuations but maintains a "Moderate Buy" consensus rating with a price target of $1,099.62.
2 weeks ago
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