Deutsche Bank Starts The Blackstone Group (BX) at Buy; Well Positioned for Structural Alternative Industry Trends

Deutsche Bank initiates coverage on The Blackstone Group (NYSE: BX) with a Buy. PT $19.00.

Deutsche analyst says, "BX is a leading alternative asset manager, and is well positioned to generate healthy growth and returns given its diversified business model, differentiated investment process, strong performance track record, healthy fundraising capabilities, and attractive growth opportunities, as well as some favorable industry trends...Our BX economic net income (ENI) per unit estimates for 2012 and 2013 are $1.75 and $2.15, respectively."

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 $15.81 yesterday.

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