Exane BNP Paribas Upgrades BlackRock to Outperform, Announces $885 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Arnaud Giblat has upgraded BlackRock (NYSE:BLK) from Neutral to Outperform and set a price target of $885.
December 12, 2023 | 12:13 pm
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BlackRock upgraded to Outperform by Exane BNP Paribas with a new price target of $885, indicating a positive outlook on the stock.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $885 implies a significant upside from the current trading price, which can attract investors and drive up the stock price.
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