Blackstone price target raised to $92 from $85 at BMO Capital

BMO Capital analyst Rufus Hone raised the firm’s price target on Blackstone to $92 from $85 but keeps a Market Perform rating on the shares. The analyst is citing the company’s Q4 earnings beat and notes that the firm is incrementally positive around the outlook for Retail inflows recovering, which should benefit from any "soft landing" economic outcome. BMO Capital adds that sentiment on the stock has room to improve further however, and sees its target already reflecting an 18-times blended next-12-month price-to-earnings multiple.