Seeking Alpha

Blackstone -1.2% after losing a bull

|About: The Blackstone Group Inc. (BX)|By:, SA News Editor

Blackstone (NYSE:BX) slumps 1.2% in premarket trading after Citi downgrades its recommendation on the stock to neutral from buy.

Sets price target to $52, implying a 2.8% downside potential.

Contrasts with Quant rating of Very Bullish.

Before this action, Sell-Side average rating was Outperform (7 Buy, 6 Outperform, 3 Hold.)

In the past six months, Blackstone has risen 53% vs. financial sector median performance of 1.3% during that same period.

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