TD Cowen lowered the firm’s price target on Blackstone (BX) to $183 from $205 and keeps a Buy rating on the shares. The firm’s stance remains tactically most bullish on Traditional Asset Managers, albeit with a tighter focus on higher-conviction ideas, while maintaining exposure to Alternatives with a shift toward more “Higher for Longer” positioning and less 2026 beta, the analyst tells investors in a research note.
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