Analysts: BlackRock May Lag Behind Peers and 3 Other Research Notes to Browse
BlackRock (NYSE:BLK): UBS believes that BlackRock will lag behind peers given its institutional platform focus and that it will be forced to cut fees on its ETF platform. The firm downgraded BlackRock to Neutral from Buy and lowered the price target on the shares to $280 from $310.
HD Supply (NASDAQ:HDS): RW Baird recommends purchasing HD Supply at current levels following in-line third-quarter results. The firm believes the model is performing as expected, with strong results in facilities maintenance and contributions from high-growth investments. Shares are rated Outperform and the price target has been lowered to $27 from $28.
Melco Crown (NASDAQ:MPEL): Deutsche Bank upgraded Melco Crown to Buy from Hold and recommends buying Macau names ahead of the October Golden Week. The firm raised its price target for the shares to $40 from $24.70.
Covidien (NYSE:COV): Goldman upgraded Covidien to Buy from Neutral based on expectations for accelerating top-line growth due to favorable mix, cost-cutting initiatives, and buybacks. The price target on the shares has been raised to $73 from $72.