Morgan Stanley Maintains Overweight on BlackRock, Raises Price Target to $1150
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Mike Cyprys maintains an Overweight rating on BlackRock and raises the price target from $1036 to $1150.
October 07, 2024 | 4:45 pm
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Morgan Stanley has increased its price target for BlackRock from $1036 to $1150 while maintaining an Overweight rating, indicating a positive outlook on the stock.
The increase in price target from $1036 to $1150 by Morgan Stanley, along with maintaining an Overweight rating, suggests a strong positive sentiment towards BlackRock's future performance. This is likely to positively impact the stock price in the short term as investors may view this as a signal of confidence in the company's growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100