Blackstone price target raised to $118 from $110 at Evercore ISI

Evercore ISI analyst Glenn Schorr raised the firm’s price target on Blackstone to $118 from $110 and keeps an Outperform rating on the shares, calling Q2 a “solid fine and in line quarter,” especially “considering the amazingly quiet deal backdrop we’ve been in.” The firm continues to be “impressed with the breadth of the growth & performance across the businesses” based on inflows, realizations, deployed capital or the performance, the analyst added.