Piper Sandler analyst Sumeet Mody lowered the firm’s price target on Blackstone to $111 from $114 and keeps an Overweight rating on the shares. The analyst updated estimates ahead of Q4 earnings to account for flow and market activity as well as realizations and fund closings. He forecasts softer fundraising and deployment levels to end the year for Blackstone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BX:
- Hipgnosis Turns Belieber with New Upcoming Purchase
- Blackstone price target lowered to $80 from $90 at Barclays
- Thomson Reuters, Blackstone to sell shares of LSEG to Microsoft
- BREIT move to limit redemptions ‘a wake-up’ for investors, Barron’s says
- Blackstone (NYSE:BX) CEO: Distressed Investors Fueling BREIT Exits, Not Fund Performance