Morgan Stanley Maintains Overweight on BlackRock, Raises Price Target to $1245
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Mike Cyprys has maintained an Overweight rating on BlackRock and raised the price target from $1150 to $1245.
October 14, 2024 | 11:55 am
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on BlackRock and increased the price target to $1245, indicating confidence in the company's future performance.
The increase in price target from $1150 to $1245 by Morgan Stanley suggests a positive outlook on BlackRock's future performance. The Overweight rating indicates that the analyst expects BlackRock to outperform its peers, which could lead to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100