UPDATE: Sterne Agee Upgrades Blackstone Group to Buy on Attractive Valuation

by Benzinga Staff
May 23, 2012 7:59 AM | 24 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Sterne Agee raises its rating on Blackstone Group (NYSE: BX) and maintains its price target at $18. Sterne Agee says, "We are upgrading the shares of BX to Buy from Neutral. We view the disconnect between the share performance and underlying fundamentals as excessive. While the near-term performance fee realization outlook is muted, we believe it is morethan fully reflected in the units at this point. No change to our $18 target price."BX closed at $11.99 on Tuesday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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Posted In: Analyst ColorUpgradesPrice TargetPre-Market OutlookAnalyst RatingsSterne Agee

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