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

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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.

Latest Ratings for BX

DateFirmActionFromTo
Aug 2016BarclaysMaintainsOverweight
Aug 2016JefferiesMaintainsBuy
Jul 2016Keefe Bruyette & WoodsMaintainsMarket Perform

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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