Blackstone price target lowered to $126 from $164 at Barclays

Barclays lowered the firm’s price target on Blackstone (BX) to $126 from $164 and keeps an Equal Weight rating on the shares. The firm revised estimates across the alternative asset manager group. While it remains too early to determine the real AI impact to portfolio companies, Barclays lowered business development company related earnings on lower flow assumptions and realization, the analyst tells investors in a research note