Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Blackstone Group

Related BX
The Blackstone Group LP Files A New Real Estate IPO - Should Investors Be Excited?
GE Appliance to be Bought by Electrolux to Defy Whirlpool
SeaWorld Drops Osha Appeal (Fox Business)

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Blackstone Group (NYSE: BX), and raised its price target from $18.00 to $19.50.

Jefferies noted, “Both the traditional and alternative asset managers will begin reporting 4Q earnings next week, with BLK kicking things off on Wed, Jan 16th. Our numbers move modestly higher, mostly due to int'l equity market gains and an improved outlook for performance fees. We see AMG and BLK as relative positive stand-outs in terms of organic growth in the period.”

Blackstone Group closed on Tuesday at $16.68.

Latest Ratings for BX

DateFirmActionFromTo
Sep 2014Deutsche BankMaintainsBuy
Jul 2014Credit SuisseMaintainsOutperform
Jul 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for BX
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (BX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters