BofA analyst Craig Siegenthaler raised the firm’s price target on Blackstone to $109 from $98 and keeps a Buy rating on the shares following the company’s Q1 report. The firm still expects Blackstone to raise over $150B this year despite a challenging fundraising backdrop, led by its real estate debt and credit businesses. The firm has raised its 2024 and 2025 EPS estimates, due mainly to stronger fundraising.
Published first on TheFly
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Read More on BX:
- Blackstone price target raised to $105 from $100 at Evercore ISI
- Blackstone price target lowered to $70.50 from $74 at Credit Suisse
- Blackstone price target raised to $99 from $94 at Barclays
- Blackstone price target lowered to $107 from $111 at Piper Sandler
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