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 played an increasingly significant role in portfolios since 2008...
