Citi analyst Christopher Allen raised the firm’s price target on Blackstone (BX) to $190 from $170 and keeps a Neutral rating on the shares. The shares dropped post earnings as concerns on Blackstone’s management fee trajectory, earnings quality and real estate marks weighed on the stock, the analyst tells investors in a research note. Citi sees an improving backdrop for Blackstone over the course of 2025 but awaits a better entry point into the name.
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