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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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CSLT

Castlight Health

$2.62

0.04 (1.55%)

09:15
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DTRM

Determine

$0.58

-0.01 (-1.69%)

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GTT choses Determine's procure-to-pay solution »

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PACW

PacWest Bancorp

$44.20

-0.14 (-0.32%)

09:13
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  • 07

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PM

Philip Morris

$84.62

1.12 (1.34%)

09:13
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Philip Morris says KFDA comments impacting those new to IQOS »

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ATOM

Atomera

$4.65

(0.00%)

09:12
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Initiation
Atomera initiated  »

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  • 01

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CGIX

Cancer Genetics

$0.82

0.01 (1.23%)

09:10
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Cancer Genetics enters strategic partnership with Genecast Biotechnology »

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BL

BlackLine

$45.55

-0.01 (-0.02%)

, TRUE

TrueCar

$12.14

-0.1 (-0.82%)

09:10
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Hot Stocks
BlackLine names Susan Otto as chief people officer »

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BL

BlackLine

$45.55

-0.01 (-0.02%)

TRUE

TrueCar

$12.14

-0.1 (-0.82%)

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CCB

Coastal Financial

$16.25

0.05 (0.31%)

09:10
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Coastal Financial hires Erika Heer as CHRO »

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09:10
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General news
Fed dove Bullard said monetary policy is about right »

Fed dove Bullard said…

09:10
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General news
The Philly Fed slipped to 22.2 »

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SPN

Superior Energy

$9.62

-0.25 (-2.53%)

09:09
10/18/18
10/18
09:09
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09:09
Downgrade
Superior Energy rating change  »

Superior Energy…

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  • 23

    Oct

PM

Philip Morris

$84.62

1.12 (1.34%)

09:09
10/18/18
10/18
09:09
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09:09
Hot Stocks
Philip Morris sees Q4 net revenue down about 5%, reflecting difficult comps »

Says September YTD net…

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  • 18

    Oct

IBM

IBM

$134.05

-10.97 (-7.56%)

, LNVGY

Lenovo

$0.00

(0.00%)

09:09
10/18/18
10/18
09:09
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09:09
Hot Stocks
IBM signs $240M agreement with Lenovo for AI call center technology »

IBM (IBM) will supply…

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IBM

$134.05

-10.97 (-7.56%)

LNVGY

Lenovo

$0.00

(0.00%)

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TMO

Thermo Fisher

$234.64

-0.59 (-0.25%)

09:09
10/18/18
10/18
09:09
10/18/18
09:09
Downgrade
Thermo Fisher rating change  »

Thermo Fisher downgraded…

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  • 19

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    Oct

HAL

Halliburton

$39.56

-0.52 (-1.30%)

09:09
10/18/18
10/18
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09:09
Downgrade
Halliburton rating change  »

Halliburton downgraded to…

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  • 22

    Oct

STIM

Neuronetics

$22.50

-1.63 (-6.76%)

09:07
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Neuronetics analyst commentary  »

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  • 27

    Nov

KEY

KeyCorp

$18.75

0.17 (0.91%)

09:07
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KeyCorp sees Q4 average loans up low single digits »

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SAN

Banco Santander

$4.90

-0.085 (-1.71%)

09:07
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Periodicals
German probe into share-swapping scheme spreads to Santander, FT reports »

Spain's Banco…

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AMGN

Amgen

$202.78

0.48 (0.24%)

09:05
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Amgen invests $66M in Oxford Nanopore Technologies »

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FLS

Flowserve

$51.52

-0.29 (-0.56%)

09:04
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Flowserve rating change  »

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XYL

Xylem

$71.34

-0.4 (-0.56%)

09:04
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10/18
09:04
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09:04
Upgrade
Xylem rating change  »

Xylem upgraded to Hold…

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  • 30

    Oct

PNFP

Pinnacle Financial

$56.63

1.43 (2.59%)

09:04
10/18/18
10/18
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09:04
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Pinnacle Financial analyst commentary  »

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  • 05

    Nov

  • 26

    Nov

NUE

Nucor

$59.11

0.17 (0.29%)

09:04
10/18/18
10/18
09:04
10/18/18
09:04
Earnings
Breaking Earnings news story on Nucor »

Nucor reports Q3 adjusted…

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  • 18

    Oct

NUE

Nucor

$59.11

0.17 (0.29%)

09:03
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10/18
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09:03
Hot Stocks
Nucor CEO: We are on pace for 2018 to be a record year for earnings »

"The strong…

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  • 18

    Oct

NUE

Nucor

$59.11

0.17 (0.29%)

09:03
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10/18
09:03
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09:03
Earnings
Nucor expects Q4 earnings to 'decrease across all three operating segments' »

Q4 EPS consensus $2.08.…

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  • 18

    Oct

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