Blackstone price target raised to $116 from $110 at Barclays

Barclays raised the firm’s price target on Blackstone to $116 from $110 and keeps an Equal Weight rating on the shares. The analyst sees “green shoots emerging” for the alternative asset managers. Companies continue to see “green shoots,” but for Q3, the story is little changed versus Q2, the analyst tells investors in a research note. The firm expects inflows to be strongest at Ares and Apollo.