MS buy and Target Price $18 just a pit stop on it's way back to original IPO price of $31.
Earnings upside coming.
Conference Call Thurs 2/25
With earnings surprise and fair valuation BX will move quickly higher. With Guidance and announcements of IPO's in pipeline will also have BX moving higher - although the economy will have a say in how they come to market. But AS MS states "Wall Street" has been valuing BX all wrong - everyone is looking at the IPO's and not seeing that they are capable of making hundreds of millions from their other operations, most notably fees from funds ect.