These reports, excerpted and edited by Barron’s, have recently been issued by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be construed as representing the views or recommendations of Barron’s. Some of the issuers of the reports have provided, or hope to provide, investment banking or other services to the analyzed companies.
Black Stone
BX NYSE
Overweight • price $87.83 on January 23rd
by JP Morgan
We upgrade Blackstone to Overweight from Neutral with a December 2023 price target of $105. Investors appear to be aware of the risks to Blackstone’s retail, real estate and private equity businesses, most of which stem from higher inflation and interest rates.
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