JP Morgan Downgrades BlackRock to Neutral, Maintains Price Target to $708
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington downgraded BlackRock (NYSE:BLK) from Overweight to Neutral but maintained the price target at $708.

December 15, 2023 | 10:32 am
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NEUTRAL IMPACT
BlackRock downgraded by JP Morgan from Overweight to Neutral, with no change to the price target of $708.
The downgrade to Neutral suggests a more cautious outlook on BlackRock by JP Morgan, which could temper investor enthusiasm in the short term. However, maintaining the price target indicates that the fundamental value assessment of the company remains unchanged. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100