BlackRock price target lowered to $662 from $675 at Credit Suisse

Credit Suisse analyst Bill Katz lowered the firm’s price target on BlackRock to $662 from $675 and keeps a Neutral rating on the shares ahead of the Q1 earnings report on April 14. With the shares down roughly 6% year-to-date, Credit Suisse thinks the risk/reward is better balanced. The firm views BlackRock as high-quality platform but continues to seek out more attractive entry point.