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BX

Blackstone

$38.77

0.68 (1.79%)

09:34
10/02/18
10/02
09:34
10/02/18
09:34

Blackstone in talks about second fund to buy stakes in peers, Bloomberg reports

Blackstone is beginning talks with investors about a second fund that would buy stakes in other alternative-asset managers with a focus on private equity, real estate and infrastructure, Bloomberg reports, citing people familiar with the matter. Blackstone's team, led by Scott Soussa, will start formally raising a new fund "imminently," the people say, adding that it is seeking at least $3.3B for the fund. Reference Link

BX Blackstone
$38.77

0.68 (1.79%)

09/24/18
JMPS
09/24/18
NO CHANGE
Target $43
JMPS
Outperform
Blackstone price target raised to $43 after investor day at JMP Securities
JMP Securities analyst Devin Ryan raised his price target on Blackstone shares to $43 from $39 following the company's investor day, from which he said the primary takeaway was the company's detailed roadmap for growth to $1T+ of AUM over the next eight years from $439B of total assets today. Ryan, who said Blackstone communicated a "clear line of sight" into $2 of fee-related earnings over the longer-term, keeps an Outperform rating on Blackstone shares.
09/24/18
SBSH
09/24/18
NO CHANGE
Target $47.5
SBSH
Buy
Blackstone price target raised to $47.50 from $43 at Citi
Citi analyst William Katz raised his price target for Blackstone to $47.50 following last week's investor day. The analyst left constructive on the Alternatives sector and impressed by the "multitude of earnings drivers" at Blackstone. He's encouraged by the company's "growing competitive moat and longer-term opportunities" and keeps a Buy rating on the shares.
09/24/18
MSCO
09/24/18
NO CHANGE
Target $48
MSCO
Overweight
Blackstone price target raised to $48 from $42 at Morgan Stanley
Morgan Stanley analyst Michael Cyprys said he came away from Blackstone's investor day more positive on the company's superior AUM and fee growth and ability to innovate. Blackstone also said a C-Corp conversion is under active consideration, which is a more positive stance than in it has expressed in the past, Cyprys tells investors. Based on expectations for strong growth in AUM, management fees and performance fee, along with the rising prospects for C-Corp conversion, Cyprys raised his price target on Blackstone shares to $48 from $42 and keeps an Overweight rating on the stock.
09/25/18
ARGS
09/25/18
NO CHANGE
Target $46
ARGS
Buy
Blackstone price target raised to $46 from $39 at Argus
Argus analyst Stephen Biggar raised his price target on Blackstone to $46 and kept his Buy rating after its Investor Day presentation on Friday, citing the company's outlined plans to grow its assets under management to $1T from $439B currently. The analyst states that Blackstone is seeing "sees considerable growth in real estate, private equity, infrastructure, tactical opportunities and credit assets", adding that while the $1T target is "aggressive", it is also achievable, requiring "continuing cooperative economic environment and fundraising efforts". Biggar also anticipates Blackstone's "fee-related earnings component to grow significantly over the next two years" as its flagship funds reach key milestones, helping reduce earnings volatility and yielding "more consistent" dividend payouts.

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JPM

JPMorgan

$102.15

0.45 (0.44%)

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APA

Apache

$31.93

0.17 (0.54%)

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EA

Electronic Arts

$86.34

-3.14 (-3.51%)

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Activision Blizzard

$45.89

-0.92 (-1.97%)

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Electronic Arts

$86.34

-3.14 (-3.51%)

ATVI

Activision Blizzard

$45.89

-0.92 (-1.97%)

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UAL

United Continental

$86.50

5.27 (6.49%)

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DB

Deutsche Bank

$9.01

0.39 (4.52%)

10:42
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GOOG

Alphabet

$1,088.98

12.07 (1.12%)

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Alphabet Class A

$1,098.50

12.14 (1.12%)

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GOOG

Alphabet

$1,088.98

12.07 (1.12%)

GOOGL

Alphabet Class A

$1,098.50

12.14 (1.12%)

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SM

SM Energy

$20.07

0.24 (1.21%)

10:40
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Bullish option flow in SM Energy after analyst action »

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ADNT

Adient

$17.22

-1.1 (-6.00%)

10:35
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Adient analyst commentary  »

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General news
Today's U.S. NAHB Bounce to 58 »

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FDC

First Data

$20.45

2.9 (16.52%)

, FISV

Fiserv

$69.31

-5.7 (-7.60%)

10:34
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First Data, Fiserv analyst commentary  »

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FDC

First Data

$20.45

2.9 (16.52%)

FISV

Fiserv

$69.31

-5.7 (-7.60%)

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JWN

Nordstrom

$44.53

-2.73 (-5.78%)

10:31
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01/16
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10:31
Downgrade
Nordstrom rating change  »

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General news
Crude inventories for week of January 11 »

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GS

Goldman Sachs

$191.43

11.52 (6.40%)

10:30
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Breaking Hot Stocks news story on Goldman Sachs »

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  • 03

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EEM

iShares MSCI Emerging Markets ETF

$41.12

0.42 (1.03%)

10:30
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Options
Bold $4.2M put sale in Emerging Markets ETF suggests short-term confidence »

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GNBT

Generex

$0.00

(0.00%)

10:28
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Conference/Events
Generex to hold a conference call »

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Credit Suisse housing analysts to hold an analyst/industry conference call »

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PNC

PNC Financial

$118.48

-1.7 (-1.41%)

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AAPL

Apple

$155.48

2.44 (1.59%)

, FB

Facebook

$148.30

-0.67 (-0.45%)

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Apple

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FB

Facebook

$148.30

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SPY

SPDR S&P 500 ETF Trust

$261.62

1.42 (0.55%)

10:20
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10:20
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Treasury Action: yields remain elevated »

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PNC

PNC Financial

$117.99

-2.19 (-1.82%)

10:19
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AMTB

Mercantil Bank

$13.48

(0.00%)

, VRAY

ViewRay

$7.38

0.35 (4.98%)

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AMTB

Mercantil Bank

$13.48

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VRAY

ViewRay

$7.38

0.35 (4.98%)

PTC

PTC

$87.58

1.24 (1.44%)

ATUS

Altice USA

$17.52

0.11 (0.63%)

CHTR

Charter

$294.40

0.53 (0.18%)

TTWO

Take-Two

$106.20

-0.3 (-0.28%)

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C

Citi

$61.90

0.51 (0.83%)

, SNAP

Snap

$5.84

-0.7 (-10.70%)

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C

Citi

$61.90

0.51 (0.83%)

SNAP

Snap

$5.84

-0.7 (-10.70%)

JWN

Nordstrom

$44.24

-3.02 (-6.39%)

BUD

AB InBev

$70.53

-2 (-2.76%)

HPE

HP Enterprise

$13.91

-0.54 (-3.74%)

NTAP

NetApp

$60.33

-2.15 (-3.44%)

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MET

MetLife

$44.56

0.51 (1.16%)

, ING

ING Group

$11.66

0.245 (2.15%)

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MET

MetLife

$44.56

0.51 (1.16%)

ING

ING Group

$11.66

0.245 (2.15%)

WMB

Williams

$25.87

0.42 (1.65%)

ACN

Accenture

$148.30

1.46 (0.99%)

NTNX

Nutanix

$49.70

0.945 (1.94%)

TDC

Teradata

$42.86

1.12 (2.68%)

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