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Blackstone: Analysts’ ‘Buy’ Ratings amid Rising Valuations

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Price target

Wall Street analysts have given a price target of $36.73 for Blackstone (BX), a rise of 10.13% from the stock’s current price. Wall Street analysts have a positive outlook on Blackstone, mainly due to expectations of rising distributions in 2H17.

Out of 14 analysts currently analyzing Blackstone (BX) stock, six analysts have given “strong buy” ratings, six analysts have given “buy” ratings, and the remaining two analysts’ have given “hold” ratings. These ratings have been consistent from the last month. However, compared with May 2017, “buy” ratings have risen from five analysts’ to six analysts’, and “hold” ratings have decreased from three analysts’ to two analysts’.

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Peer comparison

Alternative asset managers (XLF) like KKR & Co. LP (KKR) and BlackRock (BLK) have consistent “strong buy” ratings from the past three months.

Out of 14 analysts currently analyzing the stock, five have given “buy” ratings, five have given “strong buy” ratings, and the remaining four analysts’ have given “hold” ratings.

Out of the 13 analysts analyzing KKR & Co. LP (KKR), four have given “strong buy” ratings, four have given “buy” ratings, and the remaining five have given “hold” ratings.

Out of the 12 analysts analyzing Carlyle Group (CG), four have given “strong buy” ratings, four have given “buy” ratings, and the remaining four have given “hold” ratings.

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