Barclays has adjusted its price target for Blackstone Inc. (BX) down to $126 from $164, while maintaining an Equalweight rating on the stock. The adjustment reflects an updated outlook from the financial institution on the investment management company. This news follows several recent reports about Blackstone’s activities, including its plans for AI data-center investments and bids for Volkswagen’s heavy diesel engine unit Everllence.
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Barclays Adjusts Price Target on Blackstone to $126 From $164, Maintains Equalweight Rating
Barclays has adjusted its price target for Blackstone Inc. (BX) down to $126 from $164, while maintaining an Equalweight rating on the stock. The adjustment reflects an updated outlook from the financial institution on the investment management company. This news follows several recent reports about Blackstone’s activities, including its plans for AI data-center investments and bids for Volkswagen’s heavy diesel engine unit Everllence.