UPDATE: Goldman Sachs Lowers BlackRock's PT

According to a research report published earlier today, Goldman Sachs has decreased BlackRock's

PT from $210 to $205. In the report, Goldman Sachs commented, “1Q was a good one for BLK in a still low risk-taking backdrop. Flows were better than the headlines suggest (+3% annualized organic growth), BLK's revenue yield is mixing higher, margins are capable of moving closer to 40% and the pipeline grew.” Goldman Sachs remains Neutral on BLK, which is currently trading at $195.18.