The Blackstone Group (BX) PT Lowered to $146 at Piper Sandler, 'could be nearing an inflection point'

Piper Sandler analyst Crispin Love lowered the price target on The Blackstone Group (NYSE: BX) to $146.00 (from $150.00) while maintaining a Overweight rating.

The analyst comments "We believe BX could be nearing an inflection point where we could see improved results and activity as we move through 2024. Sentiment remains negative, but we are confident in Blackstone’s ability to put capital to work in the coming quarters. We also expect BX to be a key beneficiary of the long-term trends of increased exposure to alts given its unparalleled scale and brand."

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