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Blackstone Group LP (NYSE:BX) target bumped up to $34.51, released a research note earlier today by Vetr Inc.

Vetr Inc. increased the target price of Blackstone Group LP (NYSE:BX) to $34.51 indicating a possible upside of 0.16%.

Previously on 5/2/2017, Vetr Inc. reported on Blackstone Group LP (NYSE:BX) raised the target price from $0.00 to $34.51. At the time, this indicated a possible upside of 0.12%.

Only yesterday Blackstone Group LP (NYSE:BX) traded -0.21% lower at $29.87. The company’s 50-day moving average is $32.61 and its 200-day moving average is $32.12. With the last close down 2.52% relative to the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 2,088,360 shares of BX traded hands, down from an average trading volume of 3,119,010

See Chart Below

Blackstone Group LP (NYSE:BX)

Blackstone Group LP has a one year low of $23.33 and a one year high of $35.09 with a price-earnings ratio of 14.81 BX’s total market value is presently $0.

A total of 14 equity analysts have released a ratings update on BX. Five equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $32.64.

Brief Synopsis About Blackstone Group LP (NYSE:BX)

The Blackstone Group L.P. is a global alternative asset manager. The Company's alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment includes its corporate private equity business, which consists of its corporate private equity funds, Blackstone Capital Partners (BCP) funds, its sector-focused corporate private equity funds, including its energy-focused funds, Blackstone Energy Partners (BEP) funds and its core private equity fund. The Blackstone Real Estate Partners funds target a range of opportunistic real estate and real estate related investments. The Hedge Fund Solutions segment consists of Blackstone Alternative Asset Management (BAAM). The Credit segment consists principally of GSO Capital Partners LP (GSO).

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