Blackstone shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered the price target from $140 to $135.
Portfolio Pulse from Benzinga Newsdesk
Blackstone's stock (BX) trades lower following a downgrade by UBS from Buy to Neutral, with a reduced price target from $140 to $135.
April 02, 2024 | 7:15 pm
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Blackstone's stock experienced a decline after UBS downgraded the stock from Buy to Neutral and lowered the price target from $140 to $135.
Analyst ratings and price target adjustments are significant indicators for investors, influencing stock prices. The downgrade by UBS, a major financial services firm, suggests a less optimistic outlook on Blackstone's future performance, potentially leading to a decrease in investor confidence and a short-term negative impact on the stock price.
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