Barclays maintains an 'Equalweight' on The Blackstone Group (BX); Flexing Its Earnings Power Muscle

Barclays maintains an 'Equalweight' on The Blackstone Group (NYSE: BX) price target of $23.00.

Barclays analyst says, "BX shares have increased 20% YTD, vs the S&P500's 7% rise. In our assessment, the company's 2Q11 results showed a continuation of several themes witnessed in the past quarters. These include an ongoing recovery in real estate as two major funds are now through their incentive catch-up phase. As part of the conference call, management indicated it expects realizations in real estate to pick up in the second half, as well as next year...We are raising our EPS estimate to $2.01 in 2011 from $1.85, and to $2.03 in 2012 from $1.90. Our revised outlook primarily reflects the 2Q earnings beat."

For more ratings news on The Blackstone Group click here and for the rating history of The Blackstone Group click here.

Shares of The Blackstone Group closed at $17.00 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat