Oppenheimer upgrades Blackstone on ‘current dislocation’ in shares

Oppenheimer upgraded Blackstone (BX) to Outperform from Perform with a $154 price target Blackstone is a “high-quality company that is now relatively cheap on our 2027 earnings estimates,” the analyst tells investors in a research note. Oppenheimer believes the “current dislocation” in the shares is giving investors a chance to buy the industry’s “premier franchise at a very attractive valuation.”