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BX

Blackstone

$32.91

0.28 (0.86%)

07:51
01/22/19
01/22
07:51
01/22/19
07:51

Blackstone CEO doesn't think U.S. on verge of recession, CNBC reports

Blackstone Chairman and CEO Steve Schwarzman told CNBC's "Squawk Box" at the annual World Economic Forum in Davos that he does not believe the U.S. is on the verge of a recession despite slowing economic growth. Schwarzman commented that "The U.S. economy is slowing from where it was. Two quarters ago we were at 4.2% economic growth, which is unsustainable for a large country like the United States. We'll probably grow at about 2.5%-2.75% this year." However, he added that "I don't see any recession. I don't know we're that came from the last two months of the year. Consumer confidence is down a little bit, which I think comes from some of the dysfunction, but they are still spending a lot of money." Reference Link

  • 31

    Jan

  • 11

    Feb

BX Blackstone
$32.91

0.28 (0.86%)

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.
11/30/18
MSCO
11/30/18
NO CHANGE
Target $42
MSCO
Overweight
Morgan Stanley more positive on Blackstone growth path after management meeting
After recently hosting an investor meeting with Jon Gray, Blackstone's President and COO, Morgan Stanley analyst Michael Cyprys said he is more positive on the company's growth trajectory, stating that its $130B fundraising pipeline should drive 50% growth in fee-related earnings over the next two years. The analyst, who also thinks a potential C-Corp conversion could unlock value in 2019, keeps an Overweight rating and $42 price target on Blackstone, adding that he thinks the shares could trade near $38 in the near-term if the market begins to assign higher odds to such a C-Corp change.
01/02/19
SUSQ
01/02/19
UPGRADE
Target $31
SUSQ
Positive
Crocs upgraded to Positive at Susquehanna
As reported previously, Susquehanna analyst Sam Poser upgraded Crocs (CROX) to Positive from Neutral. The analyst cited the recent repurchase and conversion of Blackstone's (BX) preferred stock position as it removes a substantial financial overhang from the company's capital structure and shifts more control of the business into the hands of existing and potential shareholders. In addition, the business continues to accelerate as processes and products improve and the brand gains traction, said Poser, who raised his price target to $31 from $25 on Crocs shares.

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BA

Boeing

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GLD

SPDR Gold Shares

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DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

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REPH

Recro Pharma

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DZSI

DASAN Zhone

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-0.12 (-0.98%)

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SPDR S&P 500 ETF Trust

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CATS

Catasys

$13.19

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USWS

U.S. Well Services

$7.74

-0.54 (-6.52%)

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ADIL

Adial Pharmaceuticals

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STNG

Scorpio Tankers

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NAVB

Navidea

$0.14

-0.0001 (-0.07%)

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SPY

SPDR S&P 500 ETF Trust

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BA

Boeing

$362.49

-10.2 (-2.74%)

, NOC

Northrop Grumman

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-4.01 (-1.47%)

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RTN

Raytheon

$179.98

-1.94 (-1.07%)

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AAPL

Apple

$190.97

-4.1 (-2.10%)

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  • 25

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RIVE

Riverview Financial

$11.20

(0.00%)

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RIVE

Riverview Financial

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