UBS Maintains Buy on Blackstone, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Adam Beatty has reaffirmed a Buy rating on Blackstone (NYSE:BX) and increased the price target from $134 to $140, indicating a positive outlook on the company's stock.
January 29, 2024 | 3:41 pm
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POSITIVE IMPACT
UBS analyst Adam Beatty maintains a Buy rating on Blackstone and raises the price target to $140, suggesting a positive sentiment towards Blackstone's future stock performance.
The increase in price target by a reputable analyst like Adam Beatty from UBS typically signals confidence in the company's future performance and growth prospects. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100