Berenberg Bank Begins Coverage on BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

Analysts at Berenberg Bank assumed coverage on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a GBX 240 ($3.29) price target on the stock.

Separately, Citigroup reiterated a “sell” rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Tuesday, April 29th.

BlackRock Long-Term Municipal Advantage Trust’s Stock Performance

BlackRock Long-Term Municipal Advantage Trust’s Company Profile

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).