BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 155 ($1.99) target price on the stock.
Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 290 ($3.73) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Thursday, April 4th.
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About BlackRock Long-Term Municipal Advantage Trust’s
BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).
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