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