Credit Suisse says buy Blackstone Group shares because of its 'massive fundraising' ability [CNBC]
Blackstone Inc. (BX)
Last blackstone inc. earnings: 4/23 06:56 am
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Source: CNBC
2 Hours Ago CNBC.com Andrew Harrer | Bloomberg | Getty Images Stephen 'Steve' Schwarzman, co-founder, chairman and chief executive officer of Blackstone Group LP. Blackstone Group's asset management fees will surge due to its ability to bring in new client capital, according to Credit Suisse. The firm reiterated its outperform rating for Blackstone Group shares, predicting the company will generate earnings above expectations in 2020. Fee-related earnings growth should significantly re-accelerate in 2019 and 2020 because of Blackstone's massive fundraising pipeline, Credit Suisse analyst Craig Siegenthaler said in a note to clients Tuesday. Given the secular growth drivers in the industry (migration to illiquid alts, share gains by large/one-stop-shop platforms) and qualities of the public alternative business model (locked-up capital, fees on fixed invested capital/not NAV), we continue to find the industry attractive
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- Blackstone Inc. (NYSE: BX) had its price target raised by analysts at Argus from $133.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
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BX
Earnings
- 4/18/24 - Beat
BX
Sec Filings
- 4/18/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- BX's page on the SEC website