Morgan Stanley Upgrades BlackLine to Overweight, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded BlackLine (NASDAQ:BL) from Equal-Weight to Overweight and increased the price target from $60 to $70.
September 30, 2024 | 11:00 am
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POSITIVE IMPACT
Morgan Stanley has upgraded BlackLine to Overweight and increased its price target to $70, indicating a positive outlook on the stock.
The upgrade from Equal-Weight to Overweight by Morgan Stanley suggests increased confidence in BlackLine's performance. The raised price target from $60 to $70 indicates expectations of stock price appreciation, likely leading to positive investor sentiment and potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100