BlackRock price target lowered to $1,340 from $1,360 at Barclays

Barclays lowered the firm’s price target on BlackRock (BLK) to $1,340 from $1,360 and keeps an Overweight rating on the shares. The firm adjusted targets in the brokers, asset managers and exchanges group as part of its 2026. Market conditions “look constructive” going into 2026, particularly for the alternative asset managers and wealth brokers, the analyst tells investors in a research note. Barclays sees a more mixed outlook for the exchanges and traditional asset managers.