JP Morgan Maintains Neutral on Blackstone, Raises Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington has maintained a Neutral rating on Blackstone (NYSE:BX) and increased the price target from $91 to $96.

January 26, 2024 | 3:46 pm
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POSITIVE IMPACT
Blackstone's price target has been raised from $91 to $96 by JP Morgan, while maintaining a Neutral rating.
The increase in price target by a reputable analyst like Kenneth Worthington from JP Morgan suggests a positive outlook on Blackstone's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100