Blackstone Inc. (NYSE:BX) is among the 8 Stocks Owned by President Donald Trump in his Stock Portfolio. On March 24, BMO Capital analyst Brennan Hawken slashed the stock’s price target to $126 from $165 as part of the firm’s broader analysis of alternative asset managers.

In a research note to investors, the analyst noted growing uncertainty around realizations due to the volatile market environment, while adding that credit issues and the ongoing transformation driven by artificial intelligence were also impacting performance.

Hawken also highlighted increased credit spreads and said that accusations of fraud were creating…