Jefferies Maintains Buy, $17 PT on Blackstone

Jefferies reiterates its Buy rating and $17 price target on Blackstone Group (NYSE: BX) as investment opportunities remain plentiful despite macro uncertainty.

Jefferies comments, “Despite a volatile macro backdrop, we believe the secular demand trends for alternative assets remain in the early stages. The theme in the current environment remains more about capital deployment opportunities in both PE and RE as well as selective realizations.”

BX closed at $13.68 per share on Tuesday.