Credit Suisse analyst Bill Katz lowered the firm’s price target on Blackstone to $70.50 from $74 and keeps an Underperform rating on the shares. Blackstone reported lower comparable fee-related earnings, and the FRE multiples seem "disconnected," the analyst tells investors in a research note.
Published first on TheFly
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Read More on BX:
- Blackstone price target raised to $99 from $94 at Barclays
- Blackstone price target lowered to $107 from $111 at Piper Sandler
- Roth MKM expects slight negative reaction to Blackstone Viper Energy stock sale
- Viper Energy holder Blackstone sells 1.81M shares
- Blackstone reports Q1 distributable EPS 97c, consensus 98c
