Citi Affirms Buy Rating On Blackstone

Citi affirmed its buy rating on The Blackstone Group L.P. (NYSE:BX) as its analysts are enthused by its underlying business momentum and better realization prospects. William R. Katz and team at Citi affirmed their buy rating after the recent investor meetings hosted by Citi Research at Boston. Pegs 12-month target at $30 Citi analysts feel improving realization visibility should begin to translate into rising distributions for The Blackstone Group L.P. (NYSE:BX). The analysts feel this is the key consideration assigned by investors while conducting Citi’s proprietary survey. New York-based global and diversified alternatives manager with over $230 billion in AUM as…