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Blackstone price target lowered to $134 from $137 at BofA

BofA analyst Craig Siegenthaler lowered the firm’s price target on Blackstone (BX) to $134 from $137 and keeps a Buy rating on the shares. Blackstone beat on fundraising, deployments and realizations, which BofA calls “the 3 main metrics.” However, the firm lowered its 2026, 2027 and 2028 EPS estimates, due mainly to lower management and performance fees.

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