Morgan Stanley raised the firm’s price target on Blackstone (BX) to $200 from $185 and keeps an Overweight rating on the shares. Noting better fundraising, management fees, deployment and realizations than Q2 estimates, the firm sees further supportive tailwinds behind capital markets recovery, private wealth, insurance, and private credit, the analyst tells investors in a post-earnings note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Blackstone price target raised to $197 from $165 at Evercore ISI
- Blackstone price target raised to $200 from $167 at BofA
- Blackstone price target raised to $192 from $170 at Deutsche Bank
- Blackstone Group: Positioned for Growth Amid Capital Market Resurgence and AI-Driven Expansion
- Blackstone price target raised to $195 from $180 at Citizens JMP