Wells Fargo analyst Finian O'Shea reaffirmed bullish views on KKR and Apollo Management stock, noting they could join the index.
Blackstone is joining the S&P 500 index this month. It could be the start of a trend, according to Wells Fargo.
That’s “an immediate boon” for Blackstone, as it expands the investor base for the company, wrote Wells Fargo analyst Finian O’Shea in a Tuesday report. The stock is up 3.6% to $108.25 after markets opened on Tuesday. Newsletter Sign-up “Perhaps more demotions of low-market-cap financials are to come,” the analyst wrote. Lincoln National’s market cap is only about $4.5 billion.
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