Keefe, Bruyette & Woods Upgrades BlackRock to Outperform, Raises Price Target to $835
Portfolio Pulse from richadhand@benzinga.com
Keefe, Bruyette & Woods analyst Michael Brown has upgraded BlackRock (NYSE:BLK) from Market Perform to Outperform and raised the price target from $770 to $835.
July 10, 2023 | 11:25 am
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POSITIVE IMPACT
BlackRock has been upgraded to Outperform from Market Perform by Keefe, Bruyette & Woods, with a raised price target of $835 from $770.
The upgrade from Market Perform to Outperform indicates that the analyst believes BlackRock will outperform the average market return. The raised price target suggests the analyst expects the stock price to rise. This is likely to have a positive impact on BlackRock's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100