Citi Maintains Buy Rating and $18 PT on Blackstone Group

A report from Citi reiterates its Buy rating and $18 price target on Blackstone Group (NYSE: BX).

The report states, “We see favorable to increasing strategic positioning across business segments, ongoing market share gains, and strong asset gathering potential across Real Estate, Credit, Hedge Fund Solutions. We continue to see a favorable risk/reward with solid upside; BX remains our top alternatives selection”.

BX closed yesterday at $13.45.