Blackstone price target raised to $192 from $171 at BofA

BofA raised the firm’s price target on Blackstone (BX) to $192 from $171 and keeps a Buy rating on the shares after the company reported stronger-than-expected Q3 results, including fundraising, deployments and realizations that all exceeded the firm’s estimates. The firm’s channel checks and proprietary data trackers continue to support a broad-based acceleration in transaction activity – both M&A and IPOs- as discount rates decline and decisions are made with improving visibility after the November elections, the analyst tells investors in a post-earnings note.