Black Knight price target raised to $73 from $60 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on Black Knight to $73 from $60 and keeps an Equal Weight rating on the shares. The Optimal Blue sale is surprising, especially the price, the analyst tells investors in a research note. The sale at “steep ~75% discount versus 17 months ago is surprising, especially for a strategically very strong asset, says the firm. It is disappointed how Black Knight “has been dismantled here.”