BofA lowered the firm’s price target on Blackstone (BX) to $207 from $219 and keeps a Buy rating on the shares. Slowing economic growth, elevated inflation and a declining stock market have reduced the potential for investing and realization rebounds over the near-term, while also lowering investment returns, the analyst tells investors in an earnings preview for the asset manger group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Trump close to revealing plan to spare TikTok from ban, Bloomberg says
- Blackstone weighs sale of AirTrunk data centers, Bloomberg reports
- Private Equity Stocks Crash as Tariffs Threaten Dealmaking for KKR and Apollo
- Amazon Stock (AMZN) Climbs as it Makes Last Gasp Bid to Buy TikTok
- Trump Trade: Tariff plan still being worked on ahead of unveiling