BlackRock shares could rise further: Barron's

Sun Oct 27, 2013 12:57pm EDT
 
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(Reuters) - Shares of money manager BlackRock Inc (BLK.N: Quote) have even more room to climb, keeping up its recent streak, Barron's reported in its October 28 edition.

The firm's stock has been up 65 percent over a year ago and is trading at one of the highest multiples of its asset manager peers such as T. Rowe Price (TROW.O: Quote). Still, the financial newspaper said BlackRock's shares could rise another 15 percent.

The reason is a healthy mix of funds, strong cash flow and a good management team.

BlackRock stock closed nearly unchanged on Friday at $307.61.

(Reporting by Jennifer Saba in New York; Editing by Maureen Bavdek)