As previously reports, Wells Fargo analyst Finian O’Shea upgraded Blackstone to Overweight from Equal Weight with a price target of $95, up from $88, on more confidence in BREIT’s liquidity situation, more sobriety in the outlook for retail flows, and an attractive valuation. Pessimistic headlines related to BREIT have been weighing on the Blackstone stock price, and consensus estimates for the real estate franchise recently have been clipped materially.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BX:
- Blackstone upgraded to Overweight from Equal Weight at Wells Fargo
- Blackstone price target lowered to $85 from $90 at BMO Capital
- Evercore starts ‘differentiated’ C&I solar developer Altus Power at Outperform
- Blackstone (NYSE:BX) Stock Gains as BREIT Gets $4B Boost
- Blackstone Real Estate Income Trust gets vote of confidence, says Morgan Stanley