UPDATE: Piper Jaffray Starts The Blackstone Group (BX) at Overweight
Get Alerts BX Hot Sheet
Rating Summary:
13 Buy, 16 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 7 | Down: 3 | New: 1
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Piper Jaffray initiated coverage on The Blackstone Group (NYSE: BX) with an Overweight rating and a price target of $50.00.
Analyst Jason Weyeneth commented, "While shares have materially outperformed peers, we believe the attractive secular backdrop (growing & consolidating allocations), BX's unparalleled franchise (four leading scaled business lines), and strong fundamental momentum (asset growth & realizations) can drive further upside to the stock. Our $50 price target represents ~20% total return including estimated distributions."
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 $43.50 yesterday.
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