Macquarie Upgrades BlackRock, Inc. (BLK) To Outperform

Macquarie Capital (USA) Inc, in its recent equities research report upgraded BlackRock, Inc. (NYSE:BLK) from Neutral to Outperform. Macquarie (USA) believes BlackRock, Inc. (NYSE:BLK) has strength in multiple areas, such as industry flow, the ETF craze bandwagon and a solid dividend yield. The publicly owned investment manager BlackRock, Inc. (NYSE:BLK) primarily provides its services to institutional, intermediary, and individual investors. Macquarie (USA) estimates a 12-month target price of $315 for BlackRock, using DCF valuation methodology. Macquarie (USA) feels BlackRock, Inc. (NYSE:BLK) stands as one of the best dividend growth plays in the financial sector. Macquarie (USA) considers the strong macro flows coupled with…