Blackstone reports 1% rise in first-quarter earnings
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The Blackstone Group (BX) PT Lowered to $138 at Deutsche Bank
April 19, 2024 5:06 AM EDTDeutsche Bank analyst Brian Bedell lowered the price target on The Blackstone Group (NYSE: BX) to $138.00 (from $142.00) while maintaining a Buy rating.
The analyst comments "While 1Q was broadly in line with our expectations, we viewed the quarter as being good overall, and we see several tailwinds forming that should enable BX to grow FRE by over 20% in both 2024 and on an average annual basis through 2026. While fundraising was lighter vs. Consensus (and slightly... More
