Morgan Stanley Maintains Overweight on BlackRock, Raises Price Target to $1025
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Mike Cyprys has maintained an Overweight rating on BlackRock (NYSE:BLK) and increased the price target from $1013 to $1025.
April 15, 2024 | 4:13 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on BlackRock and raises the price target to $1025.
The maintenance of an Overweight rating combined with an increase in the price target by a reputable analyst like Mike Cyprys at Morgan Stanley is a strong positive signal for BlackRock. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100