- It sounds like a "best of breed" call with analyst Michael Carrier saying Blackstone (BX +2.8%) deserves a buy rating thanks to rising distributions and asset growth at a time "when some in the sector are likely to begin facing some cyclicality."
- Carrier bumps his 2014 distributable earnings estimate by 10% and the price target to $28 from $25. The ramp in distributions over the next 18 months will first be driven by real estate, then "potentially" by private equity."
- More Blackstone: As emerged-from-bankrputcy Eastman Kodak (EKDKQ.PK) prepares to come public again, it reveals its equity owners. Topping the list is Blackstone's GSO Capital Partners with a 22.6% stake.
Blackstone upped to Buy at BAML
Sep 16 2013, 11:58 ET