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BX

Blackstone

$32.43

1.45 (4.68%)

16:46
11/21/18
11/21
16:46
11/21/18
16:46

RCS thinks Blackstone paid too little for real estate assets, Reuters says

RCS MediaGroup contested the sale of real estate properties to Blackstone, saying it believes the U.S. private equity fund paid too little for the assets five years ago, Reuters reports, citing a source at the Italian media group. RCS said that it had launched arbitration proceedings under Italian law last week to undo the sale of the assets in central Milan that it had sold to Blackstone, the report says. Reference Link

  • 29

    Nov

BX Blackstone
$32.43

1.45 (4.68%)

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.

TODAY'S FREE FLY STORIES

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FX Update: Narrow ranges have prevailed so far today »

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SCL

Stepan Company

$75.84

0.62 (0.82%)

21:26
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Conference/Events
Morgan Stanley semiconductors analysts to hold analyst/industry conference call »

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POL

PolyOne

$30.74

-0.24 (-0.77%)

21:17
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OLN

Olin

$20.32

0.14 (0.69%)

21:14
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Olin initiated at Stifel »

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KRA

Kraton

$24.26

0.3 (1.25%)

21:07
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21:07
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21:07
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Kraton initiated at Stifel »

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HT

Hersha Hospitality

$18.49

-0.27 (-1.44%)

20:57
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20:57
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20:57
Downgrade
Hersha Hospitality rating change at Wells Fargo »

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CARS

Cars.com

$23.94

-0.37 (-1.52%)

20:53
12/10/18
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20:53
Hot Stocks
Cars.com responds to letter from Starboard Value fund »

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VERI

Veritone

$6.90

1.28 (22.78%)

20:49
12/10/18
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20:49
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20:49
Hot Stocks
Veritone confirms unsolicited bid from Apis Capital »

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NGVT

Ingevity

$86.46

1.31 (1.54%)

20:47
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Initiation
Ingevity initiated at Stifel »

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FUL

H.B. Fuller

$41.36

-0.36 (-0.86%)

20:38
12/10/18
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20:38
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Initiation
H.B. Fuller initiated at Stifel »

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EMN

Eastman Chemical

$72.77

-0.36 (-0.49%)

20:29
12/10/18
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20:29
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20:29
Initiation
Eastman Chemical initiated at Stifel »

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DSW

DSW

$23.04

-1.19 (-4.91%)

20:25
12/10/18
12/10
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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  • 11

    Dec

CE

Celanese

$89.79

-1.445 (-1.58%)

20:24
12/10/18
12/10
20:24
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20:24
Initiation
Celanese initiated at Stifel »

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ASIX

AdvanSix

$25.33

0.18 (0.72%)

20:18
12/10/18
12/10
20:18
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20:18
Initiation
AdvanSix initiated at Stifel »

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GWW

Grainger

$285.60

-3.88 (-1.34%)

20:11
12/10/18
12/10
20:11
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20:11
Initiation
Grainger initiated at Buckingham »

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  • 24

    Jan

NFLX

Netflix

$269.80

4.66 (1.76%)

20:00
12/10/18
12/10
20:00
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20:00
Initiation
Netflix initiated at DZ Bank »

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VIVHY

Vivendi

$0.00

(0.00%)

19:12
12/10/18
12/10
19:12
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Periodicals
Vivendi seeks to invest in Trump partner's Indonesia TV unit, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

19:05
12/10/18
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19:05
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19:05
Periodicals
Human rights orgs urge Google to not launch censored app in China, Verge says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

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  • 11

    Dec

  • 03

    Mar

ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

18:59
12/10/18
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18:59
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18:59
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Ascena…

ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

CARS

Cars.com

$23.94

-0.37 (-1.52%)

TROX

Tronox

$7.05

-0.25 (-3.42%)

CR

Crane

$78.23

-0.99 (-1.25%)

SFIX

Stitch Fix

$25.92

-0.42 (-1.59%)

CASY

Casey's General Stores

$119.64

-1.78 (-1.47%)

NX

Quanex

$14.05

-0.13 (-0.92%)

CAMP

CalAmp

$17.02

-0.23 (-1.33%)

RARX

RA Pharmaceuticals

$17.58

1.13 (6.87%)

SAEX

SAExploration

$3.33

-0.11 (-3.20%)

03/08/13
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  • 10

    Dec

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    Dec

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    Dec

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    Dec

  • 11

    Dec

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    Dec

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    Dec

  • 19

    Dec

  • 12

    Dec

TROX

Tronox

$7.05

-0.25 (-3.42%)

18:46
12/10/18
12/10
18:46
12/10/18
18:46
Hot Stocks
Tronox CEO discloses purchase of 25K shares of common stock »

In a regulatory filing,…

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ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
12/10/18
12/10
18:37
12/10/18
18:37
Hot Stocks
Allegiant reports November total systems traffic up 10.1% »

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