Blackstone price target raised to $134 from $130 at Wells Fargo

Wells Fargo analyst Finian O’Shea raised the firm’s price target on Blackstone to $134 from $130 and keeps an Overweight rating on the shares. There are still many moving parts for the pace for the important management fee ramp-up in 2024, but Blackstone’s case for benefits from environmental improvement seems encouraging, the analyst tells investors in a research note.