1 MIN. DE LECTURA
(Recasts; changes source, adds details)
June 23 (Reuters) - Goldman Sachs upgraded BlackRock Inc (BLK.N) to "buy" from "neutral," saying near-term fundamentals remained robust for the U.S. money manager with strong fixed income flows in the second quarter.
Goldman said concerns over Merrill Lynch & Co MER.N selling its 49 percent stake in BlackRock seem "exaggerated."
Since April, the stock has underperformed the group by 20 percent and the recent pull back is an attractive entry point, the brokerage said.
Earlier this month, Merrill said it would consider selling its stakes in BlackRock and news and financial data company Bloomberg LP if it needed more capital.
Goldman has a price target of $220 on the stock, which rose 3 percent to $202.90 in early morning trade on the New York Stock Exchange. (Reporting by Deepti Govind in Bangalore; Editing by Deepak Kannan)