BlackRock price target raised to $673 from $662 at Credit Suisse

Credit Suisse analyst Bill Katz raised the firm’s price target on BlackRock to $673 from $662 and keeps a Neutral rating on the shares following Q1 results and post-earnings release conference call on April 14. The firm believes BlackRock is well-positioned to drive superior long-term Net New Assets and market share gains across asset classes, distribution channels, and geographies, aided by favorable Solutions, Cash Management, Fixed Income, and building Alternatives platform – though it remains watchful between the flow and fee rate interplay. Credit Suisse also highlights that management seems open for deals, noting appetite for "transformational" opportunities.