Piper Sandler analyst Crispin Love raised the firm’s price target on Blackstone to $149 from $134 and keeps an Overweight rating on the shares. While Blackstone’s Q2 results were softer, commentary around 2H24 management fees and FRE along with fundraising and deployment trends will help forward results, the analyst tells investors in a research note. Blackstone should continue to deploy capital and see improving revenue trends through the rest of 2024 and into 2025, Piper says.
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