BUZZ - BlackRock shares rise after two brokers raise price targets
路透社2026/10/06 16:06On October 6th, JPMorgan raised the target price for BlackRock (BLK.N) from $1,364 to $1,435 and maintained an “overweight” rating. This news boosted the company's stock price. The brokerage anticipates that the iShares funds will attract $51 billion in equity inflows and $65 billion in fixed income inflows in the third quarter, supporting robust net sales. JPMorgan considers iShares a key driver of organic growth, with further opportunities in private markets, retail, digitalization, and international distribution. The brokerage also stated that the integration of BlackRock’s private market acquisition business is proceeding in the right direction and that valuations remain attractive. Jefferies also raised its target price from $1,222 to $1,260. Of 20 brokerages, 18 have assigned a “buy” or higher rating, while 2 rate the stock as “hold”; the median target price is $1,300, according to data compiled by LSEG. The stock’s current price-to-earnings ratio is 16.96 times forecast earnings over the next 12 months, significantly above the industry median of 10.97 times. BLK has risen 17.07% so far this year. (For the convenience of non-English speakers, Reuters has automated its reporting into several languages. Since automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of translated texts, which are provided solely for readers’ convenience. Reuters is not liable for any damages or losses resulting from the use of the automated translation function.)
October 6 - ** JPMorgan raised its target price on BlackRock BLK.N from $1,364 to $1,435 and maintained an “overweight” rating. Buoyed by the news, the company’s share price rose.
** The brokerage expects iShares funds to attract $51 billion in equities and $65 billion in fixed income inflows in the third quarter, supporting strong net sales.
** JPMorgan believes iShares is a key driver of organic growth and sees further growth opportunities in private markets, retail, digitalization, and international distribution sectors.
** The brokerage stated that the integration of BlackRock's private market acquisition business is moving in the right direction and the valuation remains attractive.
** Jefferies also raised its target price from $1,222 to $1,260.
** Out of 20 brokerages, 18 give the stock a “buy” or higher rating and 2 give a “hold” rating; the median target price is $1,300 — data compiled by LSEG.
** The stock’s current P/E ratio is 16.96 times the expected earnings per share over the next 12 months, far above the industry median of 10.97 times.
** BLK has risen 17.07% year-to-date.
(To facilitate non-English speakers, Reuters offers its reports in several other languages through automated translation. Since automated translation may contain inaccuracies or lack needed context, Reuters does not guarantee the accuracy of automated translations and provides them only for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation services.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-Australia's Kelsian shares rise as asset sale triggers Morningstar's cautious optimism
Latest developments on October 7th – Kelsian Group (KLS.AX) shares briefly rose 1% to A$3.93 before narrowing gains to 0.3% by midday in Sydney. Morningstar holds a positive view on the transport operator’s recently announced A$150 million (US$104.76 million) sale of travel assets in mid-September. The investment research firm noted that this divestment relieves the transportation and travel operator from reliance on discretionary-spending businesses such as resorts, cruises, and tours. It also stated that the sale enables management to focus more on core operations and moderately reduces capital intensity. However, Morningstar pointed out that the sale means profits from the marine segment will still be "discretionary in nature." It added that the sale will leave the company’s earnings mainly dependent on its US interstate coach business, which is characterized by short-term contracts without cost-adjustment mechanisms and serves highly volatile sectors such as technology, oil, and gas. Year to date, the share price is down 8.2%. (US$1 = A$1.4318) (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may be inaccurate or may not completely reflect the required context; Reuters does not guarantee the accuracy of translated texts, which are provided solely for reader convenience. Reuters is not responsible for any harm or loss arising from the use of automatic translation.)
JPMorgan raises Gilead Sciences' target price to $170.
BUZZ - Australian winemaker Treasury Wine recovers early losses, Jefferies believes its troubles in the US are easing
October 7th - Treasury Wine Estates (TWE.AX) shares recovered a 1.8% loss in afternoon trading and were basically flat. Jefferies maintained a "Hold" rating on TWE and an AUD 6 target price, stating that although excess inventory and rising costs in the US market are limiting upside potential, TWE’s underperformance relative to the broader market has been narrowing. The brokerage expects a 1.2% increase in EBIT for fiscal year 2027 and notes that the US wine market is showing moderate growth in the higher price segment. Jefferies mentioned that the price segment below $20 still faces significant challenges and emphasized that low-priced wines continue to face pressure. The brokerage pointed out that competitor Constellation Brands’ (STZ.N) wine and spirits business saw organic sales increase by 17.2% in the second quarter, with sales to retailers up by 10.2%. TWE shares have risen 6.1% year-to-date. (For the convenience of non-English speakers, Reuters offers automated translations of its report into a number of other languages. Automated translation may contain errors or may not capture the intended context, and Reuters does not guarantee the accuracy of this text. It is provided only for convenience, and Reuters is not liable for any damage or loss caused by the use of automated translation.)
Bitcoin price falls below 84,000 dollars, oil prices and the US dollar rise
Crypto prices
More
