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

In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on The Blackstone Group LP

, 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.