Blackstone price target raised to $101 from $95 at BMO Capital

BMO Capital raised the firm’s price target on Blackstone to $101 from $95 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company’s earnings conference call also highlights that 2023 should prove to be a cyclical bottom, with earnings growth set to resume in 2024 thanks to the flagship fundraising benefits and a more constructive environment for realizations, the analyst tells investors in a research note.