Piper Sandler Downgrades Blackstone to Neutral, Maintains Price Target to $149
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Blackstone from Overweight to Neutral, while maintaining the price target at $149.

October 09, 2024 | 11:55 am
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Piper Sandler downgraded Blackstone from Overweight to Neutral, maintaining the price target at $149. This suggests a more cautious outlook on Blackstone's stock performance.
The downgrade from Overweight to Neutral by Piper Sandler indicates a shift to a more cautious stance on Blackstone's stock, which could lead to a short-term negative impact on its stock price. The maintained price target suggests no change in expected valuation, but the downgrade itself may influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100