Blackstone price target raised to $104 from $101 at Wells Fargo

Wells Fargo analyst Finian O’Shea raised the firm’s price target on Blackstone to $104 from $101 and keeps an Overweight rating on the shares. The firm remains considerably constructive on asset managers’ operational outlook, especially in light of growth-enhancing diversification and abundant dry powder, the analyst tells investors in a research note.