Blackstone tops profit estimate as its assets hit record, dealmaking picks up

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The Blackstone Group (BX) PT Raised to $170 at Citi

October 18, 2024 5:57 AM EDT

Citi analyst Chris Allen raised the price target on The Blackstone Group (NYSE: BX) to $170.00 (from $157.00) while maintaining a Neutral rating.

The analyst comments "BX closed up +6.3% following 3Q24. FRE was above our est., primarily driven by FRPF and a lower tax rate.... More