Citi Maintains Buy on Blackstone

Citi Investment Research is out with a research report on Blackstone Group L.P. (NYSE: BX) and is maintaining its Buy rating and $18 price target on shares.

In a note to clients, Citi Investment Research writes, "We see favorable to increasing strategic positioning; strong asset gathering potential across Real Estate (RE), Credit + Hedge Fund (HF) Solutions businesses; and solid upside to our target. Meetings also comforted Private Equity (PE) & RE valuation methodologies."

Shares of BX closed at $14.33 yesterday.