BlackRock upgraded to Outperform from Market Perform at Keefe Bruyette Keefe Bruyette upgraded BlackRock to Outperform on expectations the company's organic growth will remain above the peer group. The firm raised its price target for shares to $370 from $350.
BlackRock to acquire FutureAdvisor, terms not disclosed BlackRock has entered into a definitive agreement to acquire FutureAdvisor. FutureAdvisor will operate as a business within BlackRock Solutions. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2015. The financial impact of the transaction is not material to BlackRock earnings per share. Terms were not disclosed.