China Declares War On The Blackstone Group – CWEB.com

Spread the love

blackstone

China Declares War On The Blackstone Group – CWEB.com

China Investment Corporation has closed out its holding in Blackstone Group (NYSE:BX ), according to the Financial Times. It ends an 11 year investment by China sovereign wealth fund, which acquired a 9.9% stake in Blackstone in 2007 for $3 Billion.

Blackstone’s portfolio is composed of riskier assets that aren’t performing well in totality.

We think that as the cycle turns and interest rates continue to trend higher, the underlying business will lag peers in its space.

There are some of the obvious cyclical risks and weigh them to near term results, and still arrive at a lower valuation.

The size of the Blackstone Group (NYSE:BX) distributions provides a margin of safety to reinvest large amounts into the firm’s growth and success over the long term, even amidst a challenging regulatory environment.

CWEB Analyst’s have initiated a Hold Rating for Blackstone Group (NYSE:BX) and a Price Target of $30 within 12 months.

Read Full Article and Videos CWEB.com – Trending News, Blog, Shopping

Chart
BX data by YCharts

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • News Sources

0
Loading...