BlackRock price target lowered to $1,200 from $1,300 at BMO Capital

BMO Capital lowered the firm’s price target on BlackRock (BLK) to $1,200 from $1,300 and keeps an Outperform rating on the shares as part of a broader research note on Asset Managers. The firm’s negative EPS revisions across the group primarily reflects the broad market headwinds that emerged more meaningfully in March, the analyst tells investors in a research note. BMO further cites attention at BlackRock having turned more squarely toward HPS Investment Partners and broader private credit exposure.