JP Morgan Maintains Overweight Rating for BlackRock: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Overweight rating for BlackRock (NYSE:BLK) but lowered its price target from $736.00 to $708.00. BlackRock's shares are currently trading up 1.72% at $638.46 per share. A move to $708.00 would represent a 10.89% increase from the current share price.
October 16, 2023 | 5:00 pm
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JP Morgan's maintained Overweight rating and lowered price target could influence BlackRock's stock price. The new target represents a potential 10.89% increase from the current share price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. JP Morgan's maintained Overweight rating indicates a positive outlook for BlackRock, while the lowered price target suggests a potential upside, which could attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100