BUZZ-TD Cowen upgrades BlackRock's rating to "Buy" based on strong earnings growth potential

October 20 - ** TD Cowen raised BlackRock (BLK.N)’s rating from “hold” to “buy”; the price target was increased from $1,212 to $1,405, representing an upside of about 25% compared to the latest closing price

** “After a period of weakness through most of 2026, we believe the third quarter of 2026 marks a strong turning point, which should deliver outstanding absolute and relative excess returns,” the brokerage stated

** The institution added that the investment thesis is driven by improved visibility toward 2030 targets, and its analysis shows the company is currently well ahead of plan on both revenue and operating profit goals

** The report highlighted that active ETFs, insurance, digital assets, and wealth management are four key growth engines, each expected to generate about $500 million in revenue; moreover, the positive overall trend in these lines of business helps offset pressure from recent market weakness and substantial retail fund outflows

** In pre-market trading, the stock had low volume and rose slightly

** Out of 20 brokerages, 19 rated the stock “buy” or higher, while 1 rated it “hold”; the median price target is $1,313—LSEG compiled data

** As of the previous closing, the stock has risen 5.07% year-to-date

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