Deutsche Bank Starts The Blackstone Group (BX) at Buy; Well Positioned for Structural Alternative Industry Trends 6:56 am ET 02/01/2012- Street Insider Deutsche Bank initiates coverage on The Blackstone Group (NYSE: BX) with a Buy. PT $19.00.
Deutsche analyst says, "BX is a leading alternative asset manager, and is well positioned to generate healthy growth and returns given its diversified business model, differentiated investment process, strong performance track record, healthy fundraising capabilities, and attractive growth opportunities, as well as some favorable industry trends...Our BX economic net income (ENI) per unit estimates for 2012 and 2013 are $1.75 and $2.15, respectively."
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Shares of The Blackstone Group closed at $15.81 yesterday, with a 52 week range of $10.51-$19.63
Blackstone (BX) volatility low into Q4 and outlook 9:18 am ET 02/01/2012- Street Insider Blackstone (NYSE: BX) overall option implied volatility of 33 is below its 26-week average of 44 according to Track Data. Deutsche Bank initiated a Buy rating and a $19 price target on the company into the expected release of Q4 results on February 2nd. .