Blackstone price target lowered to $192 from $199 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on Blackstone (BX) to $192 from $199 and keeps an Equal Weight rating on the shares as part of a Q4 earnings preview for asset managers. The firm says we continue to get closer to a “normal” market environment, with the initial public offering and merger markets “showing signs of life though it seems we are still in a ramping period.”