The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. The fund considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. The Blackstone Group Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.
IPO Year: 2007
Exchange: NYSE
Website: blackstone.com
Date | Price Target | Rating | Analyst |
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4/2/2024 | $140.00 → $135.00 | Buy → Neutral | UBS |
1/19/2024 | $116.00 → $124.00 | Buy → Neutral | Citigroup |
1/11/2024 | Outperform → Perform | Oppenheimer | |
1/4/2024 | $118.00 | Market Perform | TD Cowen |
1/3/2024 | $115.00 → $128.00 | Buy → Neutral | Goldman |
12/20/2023 | $150.00 | Overweight | Piper Sandler |
12/6/2023 | $95.00 | Market Perform | BMO Capital Markets |
10/6/2023 | $113.00 | Hold | HSBC Securities |
10/5/2023 | Peer Perform | Wolfe Research | |
7/21/2023 | $102.00 → $111.00 | Overweight → Neutral | JP Morgan |
Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone ("Blackstone") have completed the acquisition of Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This marks the first transaction in Blackstone's most recent vintage of its flagship private equity vehicle. "Tropical Smoothie Cafe is a nationally recognized brand with an impressive growth trajectory underpinned by a base of loyal franchisees and guests," said Peter Wallace, a Senior Managing Director, and Michael Staub, a Managing Director, in Blackstone's Private Equity business. "With Blackstone's capital and resources, we look forward to a
Matthew Bromberg Appointed Chief Executive Officer and President Interim Chief Executive Officer Jim Whitehurst Named Executive Chair of the Unity Board Company to Release First Quarter 2024 Financial Results on May 9, 2024 Unity (NYSE:U) (the "Company"), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced that Matthew Bromberg has been appointed Chief Executive Officer, President, and a member of the Unity Board of Directors, effective May 15, 2024. Interim Chief Executive Officer Jim Whitehurst has been appointed Executive Chair of the Unity Board while Roelof Botha will transition fro
Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience Blackstone (NYSE:BX) and Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X ("Blackstone") will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to AIR Communities' closing share price on the NYSE on April 5, 2024, the last trading
LOS ANGELES and NEW YORK, March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE:BX), today announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0 billion.
Blackstone Remains Committed to Tricon's Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in Canada Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects All financial and share price-related information is presented in U.S. dollars unless otherwise indicated. Blackstone (NYSE:BX) and Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced that they have entered into an arrangement agreement (the "Arrangement Agreement") under which Blackstone Real Estate Partners X together with Blackstone
Today, Blackstone (NYSE:BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. ("PGC") from Shorehill Capital LLC. PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting electricity into different voltages. As a supplier of critical components to the grid and partner to many of the nation's largest electrical utilities, PGC advances the global energy transition by improving the reliability, capaci
Gilles Dellaert Named Global Head of BXCI, Dwight Scott Named Chairman Blackstone (NYSE:BX) announced today the integration of its market-leading corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). Credit and Insurance is Blackstone's fastest-growing segment – more than doubling to $295 billion in assets under management over the last three years. Today, Blackstone's market-leading businesses include: the largest BDC (BCRED), largest private credit energy transition fund (BGREEN), largest manager of CLOs and senior loans in the world, and the second-largest alternative manager of insurance assets. The new structure wi
NEW YORK and SAN DIEGO, Aug. 25, 2023 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, and Blackstone Real Estate Income Trust, Inc. ("BREIT") jointly announced today that Realty Income has signed a definitive agreement to invest approximately $950 million to acquire common and preferred equity interests from BREIT in a new joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas. Upon closing, Realty Income will invest approximately $300 million of common equity in the joint venture, subject to certain adjustments, to acquire a 21.9% indirect interest in the property, BREIT will retain a 73.1% indirect inter
Public Storage (NYSE:PSA) (the "Company") and Blackstone Real Estate Income Trust, Inc. ("BREIT") announced today an agreement for Public Storage to acquire Simply Self Storage ("Simply") from BREIT for $2.2 billion. The portfolio comprises 127 wholly-owned properties and 9 million net rentable square feet that are geographically diversified across 18 states and located in markets with population growth that has been approximately double the national average since 2018. Approximately 65% of the properties are located in high-growth Sunbelt markets. During BREIT's ownership period, Blackstone made investments into the Simply platform that enabled the company to enhance the quality of the p
Blackstone Infrastructure Partners affiliate agrees to acquire 19.9% non-controlling equity interest in NIPSCO for $2.150 Billion, with additional equity commitment of $250 million to fund ongoing capital requirements.Blackstone invests alongside NiSource in NIPSCO to fund the energy transition and accelerate the reindustrialization of the Midwest.NiSource reaffirms commitment to Indiana and to its consolidated credit, earnings and growth commitments through 2027.MERRILLVILLE, Ind., June 20, 2023 /PRNewswire/ -- NiSource Inc. (NYSE:NI) today announced that it has entered into a definitive agreement with an affiliate of Blackstone Infrastructure Partners, Blackstone's (NYSE:BX) dedicated Infr
NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor
Gallatin, Tennessee, June 04, 2024 (GLOBE NEWSWIRE) -- Servpro Industries, LLC, ("SERVPRO") a leading property restoration and construction franchise company, is pleased to announce the addition of Rob Rajkowski as the company's new chief marketing officer (CMO). Rajkowski brings a wealth of experience and a proven track record of success to the position. "We are thrilled to welcome Rob to SERVPRO. His addition will greatly benefit our senior leadership team," SERVPRO CEO Brett Ponton said. "Rob's unique background across disciplines — marketing, brand strategy and operations — will allow him to provide valuable guidance for our franchisees and their teams across North America." "His a
Blackstone (NYSE:BX) today announced the appointment of Philip Sherrill as Global Head of Insurance. In his new role, Mr. Sherrill will focus on growing the firm's insurance platform globally, working closely with Gilles Dellaert, Global Head of Blackstone Credit & Insurance. Blackstone's insurance platform has tripled in size since 2020, recently surpassing $200 billion in assets under management. The platform leverages the firm's scale and breadth to serve Blackstone's insurance clients, to drive stronger long-term performance, and, ultimately to meet the needs of more policyholders. Gilles Dellaert, Global Head of Blackstone Credit & Insurance, said: "We are very pleased to welcome P
Blackstone (NYSE:BX) today announced the appointment of Dan Leiter as Head of International for Blackstone Credit and Insurance (BXCI). In this role, reporting to Gilles Dellaert, Global Head of BXCI, Mr. Leiter will lead the activity and expansion of BXCI in EMEA and APAC. Additionally, Michael Carruthers is appointed as European Head of Private Credit, reporting to Mr. Leiter. Blackstone is one of the world's leading credit investors with nearly $420 billion in assets under management across corporate and real estate credit. The investments of BXCI span the credit markets, including direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based credit. BXCI is also a le
Sequino Brings Proven Track Record of Building Next Gen and Luxury Beauty Brands Supergoop!, the first skincare brand that puts SPF at the forefront, today announced the appointment of Lisa Sequino as Chief Executive Officer. Ms. Sequino most recently served as CEO of JLo Beauty following nearly two decades of experience driving growth in the beauty and personal care industry at Estee Lauder and Procter & Gamble. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240226925081/en/Supergoop! appoints new CEO, Lisa Sequino (left), pictured with Founder Holly Thaggard (right). (Photo: Business Wire) "Lisa brings such super experience
Blackstone (NYSE:BX) announced today that Thomas R. Nides, former long-time Vice Chairman of Morgan Stanley, Deputy Secretary of State, and Ambassador to Israel has joined the firm as Vice Chairman, Strategy and Client Relations. In this new role, Mr. Nides will support a variety of strategic firmwide initiatives and special projects, as well as focus on senior client relationships globally. Stephen A. Schwarzman, Co-Founder, Chairman and CEO said: "We are delighted to welcome Tom Nides to Blackstone. Tom has operated at the highest levels of both the public and private sectors and brings a wealth of relationships across the financial, government and geographic spectrum. We are still in t
MISSOULA, Mont., Dec. 11, 2023 /PRNewswire/ -- Pathlabs, a leading Media Execution Partner (MEP) that provides end-to-end digital media execution services to agencies, welcomes Morgan Welch as Vice President of Marketing. Welch joins Pathlabs after a successful tenure as Vice President of Marketing for Simpli.fi. Mario Schulzke, Chief Operating Officer at Pathlabs, championed this hire after a meticulous selection process. Reflecting on the appointment, Schulzke remarks, "2023 has been a period of rapid growth for Pathlabs. As we move into 2024, we must continue to tell our story, grow the MEP category, and provide massive value to a quickly growing client roster. Out of hundreds of applic
TORONTO and TAMPA, Fla., Dec. 28, 2022 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV:VXTR, OTCQB:VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce the appointment of Nicholas Smith, of Rice Park Capital Management LP, to the Company's board of directors, effective immediately. Mr. Smith's appointment follows the resignation of Mark Volosov from his role as a director of the Company, effective December 13, 2022. "Nick brings nearly 25 years of experience and expertise within the mortgage finance industry to Voxtur and we are thrilled to have him join the Board," said Ga
Industry veteran brings longstanding track record of growing innovative healthcare technology and service organizations from early-stage startup through category leadership DNAnexus, Inc., the leader in biomedical informatics and data management, today announced the appointment of Jeff Margolis, a seasoned healthcare information technology executive and current Senior Advisor for Blackstone (NYSE:BX), to its Board of Directors. The appointment follows the company's $200 million financing round, which was led by Blackstone. "DNAnexus is already an exciting company at the intersection of healthcare and life sciences and the recent Blackstone investment will support the goal of becoming a ca
Blackstone (NYSE:BX) today announced the appointment of Adam White, former Bakkt and Coinbase executive, as a Senior Advisor. White brings a breadth of experience as a senior leader and entrepreneur in the crypto and blockchain technology space and will advise across Blackstone's businesses, with an emphasis on Blackstone Growth (BXG), the firm's growth equity investing platform. Within the sector, Blackstone is focused on services and infrastructure supporting the digital asset ecosystem, such as an investment last year by funds managed by Blackstone in Chainalysis, a leading provider of blockchain data and compliance software. "We are excited to welcome Adam as an advisor to Blackstone.
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Blackstone (NYSE:BX) and Apartment Income REIT Corp. ("AIR Communities" or the "Company") today announced that Blackstone Real Estate Partners X ("Blackstone") has completed its previously announced acquisition of all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. BofA Securities, Barclays, BMO Capital Markets Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC and Wells Fargo acted as Blackstone's financial advisors, and Simpson Thacher & Bartlett LLP served as Blackstone's legal c
Only announced all-cash offer to date, providing substantial, immediate and certain value to Terrafina shareholders Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has increased the price of its tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA) by Ps.1.00 per certificate to a purchase price of Ps.40.50 per certificate. The all-cash tender offer represents a premium of 27% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and a more than 10% premium to Terrafina's closing share pr
NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor
Only announced all-cash offer to date, providing substantial, immediate and certain value to Terrafina shareholders Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has increased the price of its tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA) by Ps.1.00 per certificate to a purchase price of Ps.39.50 per certificate. The all-cash tender offer represents a premium of 24% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and an 8% premium to Terrafina's closing share price on Jun
Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone ("Blackstone") have completed the acquisition of Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This marks the first transaction in Blackstone's most recent vintage of its flagship private equity vehicle. "Tropical Smoothie Cafe is a nationally recognized brand with an impressive growth trajectory underpinned by a base of loyal franchisees and guests," said Peter Wallace, a Senior Managing Director, and Michael Staub, a Managing Director, in Blackstone's Private Equity business. "With Blackstone's capital and resources, we look forward to a
Only announced all-cash offer to date, providing substantial, immediate and certain value to Terrafina shareholders Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has commenced a tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA) at a purchase price of Ps.38.50 per certificate. The all-cash tender offer represents a premium of 21% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and a 5% premium to Terrafina's closing share price on June 7, 2024. As the only announced all-cash
Gallatin, Tennessee, June 04, 2024 (GLOBE NEWSWIRE) -- Servpro Industries, LLC, ("SERVPRO") a leading property restoration and construction franchise company, is pleased to announce the addition of Rob Rajkowski as the company's new chief marketing officer (CMO). Rajkowski brings a wealth of experience and a proven track record of success to the position. "We are thrilled to welcome Rob to SERVPRO. His addition will greatly benefit our senior leadership team," SERVPRO CEO Brett Ponton said. "Rob's unique background across disciplines — marketing, brand strategy and operations — will allow him to provide valuable guidance for our franchisees and their teams across North America." "His a
Blackstone (NYSE:BX) announced today that Stephen Schwarzman, Chairman, CEO and Co-Founder is scheduled to present at Morgan Stanley's US Financials, Payments and CRE Conference on Tuesday, June 11, 2024 at 12pm ET. A live webcast of the presentation will be available on the Shareholders section of Blackstone's website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone's website shortly after the event. About Blackstone Blackstone is the world's largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more
Inclusive of recent land sale, sale proceeds total $768 million Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for $725 million. Blackstone purchased the hotel in 2018 for $332 million and subsequently invested significant capital in renovations. Rob Harper, Head of Blackstone Real Estate Asset Management Americas, said, "This transaction is an excellent outcome for our investors and a testament to Blackstone's ability, including through the pandemic, to transform iconic, luxury hospitality assets. The team executed an ambitious business plan, investing significant capital to reposition the resort for long-term success while also adding
Existing investors TA Associates ("TA") and Fortissimo Capital to roll their stakes. Blackstone today announced that Blackstone Growth and affiliated funds (collectively "Blackstone") have entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of mission-critical business software. Blackstone's investment will help build on the company's position at the forefront of the ERP software market and support its further growth across industries and markets. Priority Software offers robust mission-critical business applications and ERP solutions across various industries, enhancing business management through innovative, cloud-based applications
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Private equity giant Blackstone Inc. (NYSE:BX) is reportedly close to finalizing a deal to sell Alinamin Pharmaceutical, a Japanese supplement maker, to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion). The agreement is anticipated to be finalized shortly, reported Reuters, citing a person familiar with the matter. Also Read: Private Equity Giant Blackstone Targets Japanese Market, Anticipates ‘Accelerated Growth’: Report According to the Nikkei, MBK plans to leverage its expertise in consumer goods acquisitions to enhance Alinamin’s value. Following the Blackstone deal, the company established a unit in Taiwan and expanded its international sales efforts.
Goldman Sachs analyst James Schneider initiated coverage on Digital Realty Trust, Inc. (NYSE:DLR) with a Buy rating and a price target of $175. The analyst says he observes robust secular demand trends, propelled by AI and hyperscaler demand, alongside favorable cyclical supply conditions driven by utility and construction capacity constraints. Although the company was heavily leveraged for much of 2023, the analyst believes its improved capital position following the Blackstone Inc. (NYSE:BX) joint venture has positioned it well for the next two years. Schneider anticipates Digital Realty surpassing key Street estimates across multiple metrics, such as new lease signings and pricin
- Bloomberg
Sanofi SA (NASDAQ:SNY) is calling for initial bids for its $20 billion consumer health division. The French pharmaceutical giant is also considering a potential public listing. Potential suitors must submit first-round bids by mid-July, Bloomberg reports. Advent International and France’s PAI Partners both expressed interest in acquiring the division, which includes over-the-counter products such as Phytoxil cough syrups and Icy Hot pain relief gels. PAI is the sole French bidder and might need to find partners to manage the transaction’s scale. Other major firms considering bids include Blackstone Inc (NYSE:BX), Clayton Dubilier & Rice, CVC Capital Partners Plc, and TPG Inc.
- Reuters
The year 2023 saw a significant rise in the median pay for Chief Financial Officers (CFOs) at U.S. companies, largely driven by stock-based incentives. What Happened: According to a report by C-Suite Comp, an executive pay analytics firm, this upsurge in CFO pay aligns with historical trends, a contrast to the exceptional rise observed in 2021, reports The Wall Street Journal. Leading the charge in executive compensation are CFOs from diverse sectors such as technology, financial services, and retail. Notably, executives from companies like Walmart Inc. (NYSE:WMT), Apple Inc. (NASDAQ:AAPL), Blackstone Group Inc. (NYSE:BX), and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) topped the p
Investments in American professional sports franchises have more than doubled the equities market returns since 2000. The outperformance is attributed to lucrative media rights deals and the dawn of streaming. The Data: The first-of-its-kind Ross-Arctos Sports Franchise Index (RAFSI), released in June, tracks the valuation of NFL, NBA, MLB and NHL franchises against the SPDR S&P 500 ETF Trust (NYSE:SPY). According to the index, sports franchise investments have seen 13% annualized returns over the past 60 years. Since 2000, the RAFSI recorded 1,260% returns while the S&P 500 appreciated 620%. In the past 20 years, the only asset class with higher annualized returns is private equity.
Blackstone (NYSE:BX) has outperformed the market over the past 15 years by 5.1% on an annualized basis producing an average annual return of 17.63%. Currently, Blackstone has a market capitalization of $93.19 billion. Buying $1000 In BX: If an investor had bought $1000 of BX stock 15 years ago, it would be worth $11,397.06 today based on a price of $124.00 for BX at the time of writing. Blackstone's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and rev
Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions.
Energy drink conglomerate Red Bull is reportedly competing for ownership of an NBA team. What Happened: The Austrian company is willing to spend $4 billion to bring a franchise to Las Vegas, Bloomberg reported, citing unnamed sources. Red Bull already owns two Formula 1 teams and Major League Soccer’s New York Red Bulls, among other sports-related investments. It is unclear how Red Bull would finance a deal. Company revenue from its energy drink products is believed to have eclipsed 10 billion euros ($10.9 billion) for the first time in 2023. See Also: Portnoy Wins Big With Boston Celtics NBA Championship, Rapper Drake Loses $500K And Could Lose $500K More On NHL Bet Why it Ma
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UBS downgraded Blackstone from Buy to Neutral and set a new price target of $135.00 from $140.00 previously
Citigroup downgraded Blackstone from Buy to Neutral and set a new price target of $124.00 from $116.00 previously
Oppenheimer downgraded Blackstone from Outperform to Perform
TD Cowen initiated coverage of Blackstone with a rating of Market Perform and set a new price target of $118.00
Goldman downgraded Blackstone from Buy to Neutral and set a new price target of $128.00 from $115.00 previously
Piper Sandler resumed coverage of Blackstone with a rating of Overweight and set a new price target of $150.00
BMO Capital Markets resumed coverage of Blackstone with a rating of Market Perform and set a new price target of $95.00
HSBC Securities initiated coverage of Blackstone with a rating of Hold and set a new price target of $113.00
Wolfe Research initiated coverage of Blackstone with a rating of Peer Perform
JP Morgan downgraded Blackstone from Overweight to Neutral and set a new price target of $111.00 from $102.00 previously