BlackRock price target lowered to $915 from $930 at Keefe Bruyette

Keefe Bruyette analyst Aidan Hall lowered the firm’s price target on BlackRock to $915 from $930 and keeps an Outperform rating on the shares. The company’s Q1 results were lower-quality in nature given it was driven by gain on investment and BlackRock’s fee rate came in lower than expectations, although stronger long-term inflows were a positive, the analyst tells investors in a research note. The firm says the company’s momentum continues to build.