Goldman Sachs Downgrades Blackstone to Neutral, Announces $128 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein has downgraded Blackstone (NYSE:BX) from Buy to Neutral and set a price target of $128.

January 03, 2024 | 9:51 am
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NEGATIVE IMPACT
Blackstone was downgraded by Goldman Sachs from Buy to Neutral with a price target of $128.
Downgrades by prominent analysts like those from Goldman Sachs can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target, while potentially lower than the current trading price, reflects a neutral stance, suggesting limited upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100