Jefferies Raises Price Target On The Blackstone Group (BX) to $19

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Jefferies raised its price target on Buy-rated The Blackstone Group (NYSE: BX) from $18 to $19.

The firm comments, "Real estate continues to represent the primary source of both investment opportunity as well as realization potential for 2012. The secular demand trend for alternatives is evident within all the segments of BX's diverse business, as asset gathering continues and the company is at record fee earning asset levels as well as available dry powder."

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 $16.68 yesterday, with a 52 week range of $10.51-$19.63.

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