Keefe, Bruyette & Woods Maintains Market Perform Rating for Blackstone: Here's What You Need To Know

Keefe, Bruyette & Woods has decided to maintain its Market Perform rating of Blackstone BX and lower its price target from $98.00 to $94.00.

Shares of Blackstone are trading up 4.06% over the last 24 hours, at $90.77 per share.

A move to $94.00 would account for a 3.56% increase from the current share price.

About Blackstone

Blackstone is one of the world's largest alternative asset managers with $950.9 billion in total asset under management, including $705.9 billion in fee-earning asset under management, at the end of September 2022. The company has four core business segments: private equity (24% of fee-earning AUM and 31% of base management fees); real estate (39% and 40%); credit & insurance (27% and 20%); and hedge fund solutions (10% and 9%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.