Wells Fargo Maintains Overweight on BlackRock, Lowers Price Target to $720
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has maintained an Overweight rating on BlackRock (NYSE:BLK) but lowered the price target from $820 to $720.
October 04, 2023 | 10:52 am
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Wells Fargo has maintained an Overweight rating on BlackRock but lowered the price target from $820 to $720.
The news is directly related to BlackRock and is likely to influence investor sentiment. The maintenance of an Overweight rating indicates a positive outlook, but the reduction in price target may cause some uncertainty. The impact on the stock price is neutral in the short term as the positive and negative signals balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100