Blackstone price target raised to $136 from $129 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Blackstone (BX) to $136 from $129 and keeps an Equal Weight rating on the shares following the Q1 report. Macro uncertainty seems likely to weigh on realization activity, but the company “otherwise appears well positioned in a number of secular growth areas,” such as investment grade private credit, private wealth, and infrastructure, the analyst tells investors in a research note.