JP Morgan Maintains Overweight on BlackRock, Lowers Price Target to $708
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains an Overweight rating on BlackRock (NYSE:BLK) but lowers the price target from $736 to $708.
October 16, 2023 | 2:36 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on BlackRock but lowers the price target from $736 to $708.
The news is directly about BlackRock and its rating by JP Morgan. The lowering of the price target might indicate a slightly less optimistic outlook, but the Overweight rating suggests that JP Morgan still sees BlackRock as a good investment. This could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100