Goldman Sachs Downgrades BlackRock (BLK) to Buy

Goldman Sachs analyst Alexander Blostein downgraded BlackRock (NYSE: BLK) from Conviction Buy to Buy with a price target of $475.00 (from $560.00).

The analyst remains positive on the company but removes it from the Conviction Buy List given the equity's underperformance relative to the S&P 500 since being added to the list back on September 28, 2017. He remains positive given the compelling risk/reward offering versus other Traditional managers.

For an analyst ratings summary and ratings history on BlackRock click here. For more ratings news on BlackRock click here.

Shares of BlackRock closed at $408.00 yesterday.

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