Morgan Stanley Maintains Overweight on Blackstone, Raises Price Target to $144
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Overweight rating on Blackstone (NYSE:BX) and increased the price target from $120 to $144. This adjustment reflects a positive outlook on the company's stock.
January 24, 2024 | 7:52 pm
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POSITIVE IMPACT
Morgan Stanley's analyst has reaffirmed an Overweight rating on Blackstone and raised the price target to $144, indicating a positive sentiment towards the company's future stock performance.
The increase in price target by a reputable analyst from Morgan Stanley suggests a strong conviction in Blackstone's potential for stock appreciation. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100