Blackstone price target raised to $156 from $154 at Oppenheimer

Oppenheimer raised the firm’s price target on Blackstone (BX) to $156 from $154 and keeps an Outperform rating on the shares. Alt stocks were generally under pressure on Blackstone’s earnings day, the firm notes, adding that it viewed the print as fundamentally in line with no reason for the selloff. While there were various puts and takes, on balance Oppenheimer sees the report as being about as close to expectations as one can reasonably expect to get.