Blackstone (BX) had a positive presence in the market significantly due to an optimistic outlook and continued acquisitions. Blackstone has been involved in sizeable deals including a $2.6-billion Japanese Mixed-use asset and buying Czech Warehouse Owner CT Real Estate. They also completed a senior notes offering backed by their corporate guarantee. Investor interest in the company remained high with Principal Financial Group having $139.30-million stock position, indicating strong interest in the company. However, some entities, including M&T Bank and Tidal Investments, reduced their holdings. Blackstone also announced its acquisition of Tokyo Garden Terrace Kioicho and is nearing an agreement to buy AirTrunk for $13.5-billion. A target price of $175.00 was set for Blackstone (BX), revealing market optimism towards the company's growth. There was significant interest in Blackstone’s senior notes offering. Reports suggested possible caution as Wells Fargo downgraded Blackstone and Bausch & Lomb fell amid reports Blackstone may drop out of a takeover bid. Key metrics in their Q3 earnings exceeded estimates and AUM growth led to their shares hitting an all-time high.
Blackstone BX News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 21 Dec 2024 11:18:13 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -2
