BlackRock price target lowered to $1,013 from $1,025 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on BlackRock to $1,013 from $1,025 and keeps an Overweight rating on the shares. The firm expects Q2 EPS to be largely in line with consensus for bottom-line EPS at $10.01, but could see softness on adjusted operating income and a beat on flows, the analyst tells investors in a preview ahead of earnings scheduled to be reported before the open on Monday, June 15.