Blackstone price target lowered to $158 from $188 at BofA

BofA analyst Craig Siegenthaler lowered the firm’s price target on Blackstone (BX) to $158 from $188 and keeps a Buy rating on the shares. Blackstone beat on the three main metrics of fundraising, deployments and realizations, but despite the “solid results,” questions remain about the company’s leading real estate franchise, where returns were mixed, the analyst tells investors. Following earnings, the firm revised its 2026, 2027 and 2028 EPS estimates, mainly to lower performance revenues offset by higher fundraising and management fees.