B of A Securities Maintains Buy on Blackstone, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Craig Siegenthaler maintains a Buy rating on Blackstone (NYSE:BX) but lowers the price target from $141 to $132.

April 19, 2024 | 5:03 pm
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B of A Securities maintains a Buy rating on Blackstone, with a reduced price target from $141 to $132.
The adjustment in price target by B of A Securities reflects a recalibration of expectations for Blackstone, potentially due to market conditions or company performance insights. While the reduction in price target could suggest a tempered outlook, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal may lead to short-term market uncertainty for Blackstone's stock, but the overall positive stance suggests underlying strength.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100