BlackRock: Now Is Not The Time To Buy (Rating Downgrade)
Portfolio Pulse from
BlackRock's shares have outperformed the S&P 500, with strong Q3 results exceeding expectations. However, the stock has been downgraded from a buy rating.
January 03, 2025 | 12:45 pm
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BlackRock's shares have outperformed the S&P 500, and the company exceeded Q3 revenue and EPS expectations. Despite this, the stock has been downgraded from a buy rating.
The downgrade from a buy rating suggests a potential decrease in investor confidence, which could lead to a short-term decline in stock price despite strong Q3 performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100