Standpoint Research Downgrades BlackRock (BLK) to Hold

Standpoint Research downgraded BlackRock (NYSE: BLK) from Buy to Hold.

Standpoint analyst, Ronnie Moas, said, "BLK relative strength (at 70/100) is not yet a concern, but it has made a $40 (28%) move since October 1 and that is double the move in the S&P-500 and the XLF even though estimates for BLK 2012 EPS have come down from $13.80 to $12.80 during the last 90 days and the shares are now trading at 14X."

For an analyst ratings summary and ratings history on BlackRock click here. For more ratings news on BlackRock click here.

Shares of BlackRock closed at $178.41 yesterday.

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