JP Morgan Downgrades Blackstone to Neutral, Raises Price Target to $111
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Kenneth Worthington has downgraded Blackstone (NYSE:BX) from Overweight to Neutral, while raising the price target from $102 to $111.
July 21, 2023 | 10:47 am
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NEUTRAL IMPACT
Blackstone has been downgraded to Neutral from Overweight by JP Morgan, but the price target has been raised to $111.
The downgrade to Neutral suggests that JP Morgan sees limited upside potential for Blackstone in the near term. However, the raised price target indicates that they still see some potential for growth. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100