BlackRock to restructure after 'tough' first quarter
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UBS Raises Price Target on BlackRock (BLK) Following Positive 1Q Report
April 15, 2016 7:40 AM EDTUBS reiterated a Buy rating on BlackRock (NYSE: BLK), and raised the price target to $390.00 (from $350.00), following the company's 1Q earnings report. While the cost saves generated by this quarter's restructuring efforts are expected to be reinvested in higher growth opportunities, the outlook for expenses was generally positive. UBS raised 2016 EPS... More
