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.
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Published first on TheFly
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