Barclays Reiterates Equal-Weight on Blackstone, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish has reiterated an Equal-Weight rating on Blackstone (NYSE:BX) and lowered the price target from $129 to $125.
April 19, 2024 | 12:21 pm
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Barclays has maintained an Equal-Weight rating on Blackstone and reduced the price target from $129 to $125.
The adjustment in price target by Barclays reflects a slight negative sentiment towards Blackstone's short-term stock price potential, although the Equal-Weight rating indicates a neutral overall outlook. The change in price target is specific and directly impacts investor perception of Blackstone's value, but the maintenance of an Equal-Weight rating suggests that the fundamental view of the company has not significantly changed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100