Blackstone Group: A Misunderstood Private Equity Company?

A new research report points to a unique business model and increased demand for alternative investments – many of them uncorrelated to the performance of the stock market – should drive growth in The Blackstone Group L.P. (NYSE:BX). In the research report, the Royal Bank of Canada (NYSE:RY) (TSE:RY) reiterated it’s outperform rating and $39 price target for The Blackstone Group L.P. (NYSE:BX).  “Given the recent weakness in the shares, we believe Blackstone is a misunderstood growth and value story. Blackstone continues to be the most attractive exposure to the alternative asset management sector,” the report said. Alternative investments have…