Market Overview

UPDATE: Jefferies Raises PT on The Blackstone Group LP Following Investor Day

Related BX
Benzinga Weekly Preview: Earnings Season Kicks Into High Gear
HSBC Sells $12.5B Swiss Private Banking Assets to LGT Bank - Analyst Blog
American Realty to Sell Shopping Centers (Fox Business)

In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on The Blackstone Group LP (NYSE: BX), and raised the price target from $23.00 to $25.00.

In the report, “On Friday we attended BX's investor day. The themes across all business segments were positive if not euphoric, reflecting both company-specific trends as well as secular tailwinds. Over the next 12-18 months, the realization cycle is poised to accelerate and asset growth should continue with a focus on new and innovative product introductions.”

The Blackstone Group LP closed on Friday at $21.75.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (BX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free