BofA lowered the firm’s price target on BlackRock (BLK) to $1,198 from $1,467 and keeps a Buy rating on the shares. The firm reduced targets in the asset managers group as part of a Q1 preview. Macro indicators suggest a “challenging” first half of 2026, the analyst tells investors in a research note. BofA believes no companies in the group are positioned for strong Q1 results.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- IMF Warns Tokenized Trading May Accelerate Market Crashes as Nasdaq (NDAQ) and Coinbase (COIN) Build 24/7 Platforms
- AI Models Stay Positive on BlackRock, But Flag Cash Flow and Technical Risks
- The Week That Was, The Week Ahead: Macro and Markets, April 5
- BlackRock Expands and Extends Revolving Credit Facility
- BlackRock’s Bitcoin ETF (IBIT) Doubles the Trading Volume of Coinbase to Now Rival Binance