HSBC Initiates Coverage On Blackstone with Hold Rating, Announces Price Target of $113
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Vikram Gandhi has initiated coverage on Blackstone (NYSE:BX) with a Hold rating and a price target of $113.
October 06, 2023 | 2:05 pm
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NEUTRAL IMPACT
HSBC has initiated coverage on Blackstone with a Hold rating and a price target of $113.
The initiation of coverage by HSBC on Blackstone with a Hold rating indicates a neutral outlook for the stock. The price target of $113 suggests that HSBC believes the stock is fairly valued at this price. This could influence investors' decisions and potentially stabilize the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100