TD Cowen Upgrades BlackRock to Outperform, Announces $938 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bill Katz has upgraded BlackRock (NYSE:BLK) from Market Perform to Outperform and set a price target of $938. This upgrade reflects a positive outlook on BlackRock's future performance.
January 16, 2024 | 11:32 am
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BlackRock upgraded to Outperform by TD Cowen with a new price target of $938, indicating a positive future performance expectation.
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 $938 by TD Cowen is significantly higher than the current trading price, which can lead to increased investor confidence and a potential rise in BlackRock's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100