UBS Maintains Neutral on Blackstone, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken maintains a Neutral rating on Blackstone (NYSE:BX) but raises the price target from $140 to $160.
October 16, 2024 | 3:49 pm
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UBS has maintained its Neutral rating on Blackstone but increased the price target from $140 to $160, indicating a positive outlook.
The increase in the price target from $140 to $160 suggests that UBS sees potential upside in Blackstone's stock, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that UBS does not see a strong enough reason to recommend buying the stock, which tempers the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100