Blackstone price target raised to $100 from $86 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Blackstone to $100 from $86 and keeps an Equal Weight rating on the shares post the Q4 results. Despite some near-term headwinds, management continues to see a "material" longer-term step-up in free related earnings, driven by flagship fundraising, insurance, and perpetual strategies, the analyst tells investors in a research note.