Credit: Shutterstock photoAsset management titan BlackRock, Inc. ( BLK ) on Friday caught some bullish commentary from analysts at Sterne Agee.
The firm maintained its "Neutral" rating on BLK as well as its $200 price target, which suggests a 17% upside to the stock's Thursday closing price of $170.44.
Sterne Agee raised its earnings estimates for the company, however, in order to reflect the final terms of its buyback and debt offering.
BlackRock shares were mostly flat in Friday morning trading.
The Bottom Line
We recently began recommending shares of Blackrock ( BLK ) back on May 18, when the stock was trading at $170.44. The company has a 3.52% dividend yield, based on last night's closing stock price of $170.44.
BlackRock, Inc. ( BLK ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
