BlackRock's $12.5 billion acquisition of Global Infrastructure Partners wins praise in analyst upgrade

BlackRock Inc.’s plan to buy major private-equity firm Global Infrastructure Partners for $12.5 billion will help the asset-management giant’s stock reach the $1,000 mark, TD Cowen analyst Bill Katz said in a fresh upgrade of the stock.Katz said Tuesday he sees a “pathway toward $1,000” for BlackRock’s BLK, -0.61% stock price as he upgraded the fund manager to outperform from market perform and raised its 12-month price target to $938 a share from $819 a share.The upgrade comes just a few days after BlackRo ...