Blackstone price target lowered to $171 from $172 at Barclays

Barclays lowered the firm’s price target on Blackstone (BX) to $171 from $172 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the alternative asset manager group as part of its Q4 outlook. Barclays expect realizations to pick up meaningfully across the board. The market-wide concerns around credit performance are overblown, the analyst tells investors in a research note.