Goldman Sachs Downgrades BlackRock (BLK) to Neutral

February 22, 2012 7:07 AM EST
Get Alerts BLK Hot Sheet
Price: $1,139.82 -1.65%

Rating Summary:
    20 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
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Goldman Sachs downgraded BlackRock (NYSE: BLK) from Buy to Neutral but lifted its price target from $198 to $203, citing valuation.

The firm said the company is well-positioned within the traditional managers, but they prefer Invesco Plc (NYSE: IVZ).

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 $194.53 yesterday.


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