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Blackstone (BX) Coverage Reinstated by Barclays with $126 Price Target
Barclays analyst Benjamin Budish reinstated coverage of Blackstone Inc. (NYSE: BX) with an Equal Weight rating and a $126 price target. This follows reports that talks between Blackstone and New World Development Co. have slowed due to the latter’s controlling family being hesitant to give up influence. New World has been seeking support from investors to manage its debt amidst a downturn in property markets.