Blackstone shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Blackstone (BX) shares have declined following a downgrade by Goldman Sachs from Buy to Neutral.
January 03, 2024 | 1:00 pm
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NEGATIVE IMPACT
Blackstone's stock price has experienced a downturn after Goldman Sachs downgraded the company's rating from Buy to Neutral.
Analyst ratings from prominent firms like Goldman Sachs can significantly influence investor sentiment and stock prices. The downgrade from Buy to Neutral suggests a less optimistic outlook on Blackstone's stock, which can lead to a decrease in investor confidence and a short-term decline in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100