Wells Fargo initiated coverage of Blackstone with a rating of Overweight and set a new price target of $163.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2025 | $165.00 | Mkt Perform → Mkt Outperform | Citizens JMP |
| 3/17/2025 | $180.00 | Neutral → Buy | UBS |
| 12/12/2024 | $188.00 → $195.00 | Overweight → Equal Weight | Wells Fargo |
| 12/9/2024 | $149.00 → $230.00 | Hold → Buy | TD Cowen |
| 10/9/2024 | $149.00 | Overweight → Neutral | Piper Sandler |
| 9/12/2024 | $163.00 | Overweight | Wells Fargo |
| 8/27/2024 | $134.00 | Neutral | Redburn Atlantic |
| 4/2/2024 | $140.00 → $135.00 | Buy → Neutral | UBS |
4 - Blackstone Inc. (0001393818) (Reporting)
4 - Blackstone Inc. (0001393818) (Issuer)
4 - Blackstone Inc. (0001393818) (Reporting)
Blackstone (NYSE:BX) announced today that private equity funds affiliated with Blackstone ("Blackstone") have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors, a leading middle-market private investment firm. The transaction values the business at approximately $1.6 billion. Founded in 1974, Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing Association ("NETA"), providing comprehensive electrical system maintenance, repair, testing, commissioning and design services, with more than 600 NETA technicians and 200 engineers across 4
SAN FRANCISCO, Aug. 21, 2025 /PRNewswire/ -- Gryphon Investors ("Gryphon"), a leading middle-market private investment firm, announced today that it has entered into a definitive agreement to sell its portfolio company Shermco ("the Company"), a leading player in electrical testing, engineering, maintenance and repair, to private equity funds affiliated with Blackstone (NYSE:BX). The transaction is valued at approximately $1.6 billion. Founded in 1974 and headquartered in Irving, TX, Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing Association ("NETA"), providing comprehensive electrical system maintenance, repair, testing, co
Blackstone Credit & Insurance ("BXCI") and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers, today announced the successful upsize of their existing senior secured credit facility to fund Aligned's continued growth and accelerate its portfolio strategy. The upsize brings BXCI commitments to Aligned to over $1 billion and is committed entirely by accounts managed by BXCI's Infrastructure & Asset Based Credit Group. The expanded financing partnership supports Aligned's rapid growth and accelerates the development of the compan
4 - Blackstone Inc. (0001393818) (Reporting)
4 - Blackstone Inc. (0001393818) (Reporting)
4 - Blackstone Inc. (0001393818) (Reporting)
Citizens JMP upgraded Blackstone from Mkt Perform to Mkt Outperform and set a new price target of $165.00
UBS upgraded Blackstone from Neutral to Buy and set a new price target of $180.00
Wells Fargo downgraded Blackstone from Overweight to Equal Weight and set a new price target of $195.00 from $188.00 previously
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8-K - Blackstone Inc. (0001393818) (Filer)
Blackstone (NYSE:BX) today announced that Monica Issar will join Blackstone Multi-Asset Investing ("BXMA") as a Senior Managing Director based in New York where she will be the Head of Total Portfolio Management ("TPM"). Monica will join the TPM leadership team partnering closely with Co-Chief Investment Officers, Joe Dowling and David Ben-Ur. She will report directly to Joe Dowling, Global Head of Blackstone Multi-Asset Investing. "Monica is a proven leader with a remarkable track record of driving innovation in investment solutions and scaling multi-asset platforms," says Joe Dowling. "Her expertise will be pivotal in advancing BXMA's portfolio management capabilities and delivering val
Blackstone (NYSE:BX) announced today that Joseph Cassanelli, former Co-Head of Lazard's U.S. Financial Institutions Group, has joined Blackstone Tactical Opportunities ("Tac Opps") as a Senior Managing Director. Mr. Cassanelli will be based in New York and serve as an investment professional within Tac Opps focused on the financial services sector. Chris James, Global Head of Tac Opps, said: "Joe's deep expertise and relationships in the financial services sector make him an ideal addition to Tac Opps – as we continue to seek to deliver differentiated performance for our investors. We believe our scale and flexible capital are particularly well suited for today's market environment, and l
Wellington Management ("Wellington"), Vanguard, and Blackstone (NYSE:BX) today announced a strategic alliance to transform how investors access institutional-caliber investment opportunities. The three firms will collaborate on developing simplified multi-asset investment solutions that seamlessly integrate public and private markets as well as active and index strategies. The collaboration seeks to broaden access to sophisticated multi-asset portfolios ordinarily available to the largest global institutions. The new initiative, which is the first of its kind for the firms, brings together three world-class organizations drawing on their respective strengths: Wellington's nearly 100-year
The deal affirms Blackstone's vision of building companies around innovative products to meet unmet patient needs Blackstone Life Sciences and Anthos Therapeutics, Inc., a transformative, clinical-stage biopharmaceutical company developing innovative therapies for the treatment of cardiometabolic diseases, announced today that Novartis has completed its acquisition of Anthos Therapeutics in a transaction valued at up to $3.1 billion. Anthos was founded by Blackstone Life Sciences and Novartis in 2019 with the exclusive global rights from Novartis to develop, manufacture, and commercialize abelacimab, a novel Factor XI inhibitor that originated at Novartis. Abelacimab is currently in Phase
Growth investment made in partnership with Asian American Hotel Owners Association (AAHOA) M3, LLC ("M3"), voted the number-one hospitality accounting software in North America, today announced it has signed a definitive agreement for a majority investment from Blackstone Growth and affiliated funds (collectively "Blackstone"). The investment will help to accelerate the company's growth by enhancing new product expansion and supporting the adoption of M3's software, which enables hotel operators to run more efficiently and effectively. AAHOA, representing nearly 20,000 hotel owners and 60% of hotels across the United States, will make its first ever strategic investment alongside Blacksto
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
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