Blackstone posts third-quarter loss as asset values drop

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Piper Jaffray Cuts Price Target on Blackstone (BX) to $45 Following 3Q15

October 16, 2015 7:28 AM EDT

Piper Jaffray reiterated an Overweight rating on The Blackstone Group (NYSE: BX), and cut the price target to $45.00 (from $48.00), following the company's 3Q15 earnings result. BX raised $16B of new capital in the quarter across a number of platforms bringing year-to-date capital raising to... More