Barclays lowered the firm’s price target on Black Knight (BKI) to $60 from $65 and keeps an Equal Weight rating on the shares. The company’s Q4 results showed continued deterioration in numbers and came amid media reports that the Federal Trade Commission will sue to challenge the IntercontinentalExchange (ICE) takeover, even though Black Knight is willing to explore a sale of its Empower loan origination unit, the analyst tells investors in a research note.
Published first on TheFly
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