Citi analyst Christopher Allen raised the firm’s price target on Blackstone to $127 from $124 and keeps a Neutral rating on the shares ahead of the Q2 report. The environment for the alternative asset managers improved modestly in Q2 relative to Q1, with deployment activity picking up, the analyst tells investors in a research note. However, fundraising “remains in a lower gear, and monetization activity remains sporadic,” adds Citi. The firm’s favorite names at the moment are Blue Owl Capital (OWL) and Apollo Global (APO).
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Read More on BX:
- Blackstone price target lowered to $134 from $143 at Piper Sandler
- Blackstone price target raised to $126 from $125 at Barclays
- Blackstone Group Restructures Segments for Enhanced Transparency
- Blackstone completes privatization of AIR Communities for $10B
- Blackstone exploring sale, IPO of Legence, Bloomberg reports
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