Blackstone price target raised to $129 from $126 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Blackstone to $129 from $126 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the alternative asset managers. It feels like we are getting closer and closer to a “normal” market environment, but disclosures from KKR, public commentary, and other market data suggest a slower Q1, the analyst tells investors in a research note.