Blackstone price target raised to $97 from $93 at BMO Capital

BMO Capital raised the firm’s price target on Blackstone to $97 from $93 and keeps a Market Perform rating on the shares after its Q2 results. Investor sentiment has improved in recent weeks, and the prospect of healing capital markets and declining inflation has meaningful positive implications for the trajectory of the company’s earnings recovery, the analyst tells investors in a research note. The firm adds that a potential rebound in retail alternative investment demand will be key to unlocking further share price outperformance for Blackstone.