RBC Bullish on Private Equity Giants; Citigroup Lifts BHP Target as Ukraine Marks War Anniversary
Stock Market News·2026-02-24 06:38

Group 1: Private Equity Sector - RBC Capital Markets has initiated coverage on major private equity firms Blackstone, KKR, and TPG with Outperform ratings, indicating a bullish outlook for the alternative asset management sector [2][9] - Price targets have been set at $179 for Blackstone, $137 for KKR, and $59 for TPG, reflecting confidence in their ability to navigate a complex macroeconomic landscape [2][9] - These firms are reporting record levels of Assets Under Management (AUM), with Blackstone at $239 billion in inflows for the previous year and TPG surpassing the $300 billion AUM threshold [3][9] Group 2: BHP Group - Citigroup has raised its price target for BHP Group to 2,800p from 2,600p, following positive revisions from major brokers [4][9] - The upgrade is attributed to BHP's strong momentum in the copper sector, particularly progress at its Escondida and Vicuña projects [5][9] - Despite concerns over iron ore prices, BHP's ability to fund growth through structurally advantaged free cash flow has enhanced investor confidence in its long-term valuation [5][9] Group 3: Ukraine Conflict - President Volodymyr Zelenskiy commemorated the fourth anniversary of the full-scale Russian invasion, reaffirming Ukraine's sovereignty and independence [6][9] - The ongoing conflict has resulted in significant human and economic costs, with the World Bank estimating reconstruction needs at approximately $558 billion over the next decade [7][9] - Despite challenges, including a "catastrophic" utility situation, Ukraine's resolve for statehood remains strong as diplomatic efforts continue [7][9]

RBC Bullish on Private Equity Giants; Citigroup Lifts BHP Target as Ukraine Marks War Anniversary - Reportify