Piper Sandler lowered the firm’s price target on Blackstone to $134 from $143 and keeps an Overweight rating on the shares. Retail long-term net flows for U.S. domiciled funds increased $59B in May and May long-term industry AUM was up 4% month over month to $28.4T, based on Morningstar data, with continued strength likely with markets at highs, the analyst tells investors in a research note.
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