Goldman Sachs Maintains Bullish Stance on Blakstone Group (BX)

Goldman Sachs stressed its Buy rating on Blakstone Group (NYSE: BX) despite the fact that the company reported slightly lower numbers (Private Equity ENI), which shaved 5% off the stock price Thursday and another 1% today.

Goldman commentary on the stock attributed the sell-off to a general reduction in appetite for private equity. They responded by reiterated their buy rating on Blackstone and stressed anticipated growth in the credit business and the investment company's strong diversification, which should help boost numbers in the upcoming quarters.

The firm trimmed their price target from $19 to $18.

For an analyst ratings summary and ratings history on The Blackstone Group click here. For more ratings news on The Blackstone Group click here.

Shares of The Blackstone Group closed at $14.14 yesterday.

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