'Western Midstream Nears Deal to Buy Blackstone-Backed Kinetik'- Bloomberg

Bill Ackman Is Directing Up to $3 Billion Into Howard Hughes' Insurance Arm, Vantage, as Part of His Plan to Build a Modern Berkshire Hathaway. Is HHH Stock the Way to Play His Buffett Ambitions?

Bill Ackman is executing a plan to transform Howard Hughes Holdings (HHH) into a Berkshire Hathaway-style insurance holding company combined with an asset manager similar to Brookfield and Blackstone. HHH acquired Vantage for $2.1 billion and plans to invest $2.5-3 billion into the insurance unit over five years, with Pershing Square managing the portfolio. While the stock has pulled back to near book value after initial enthusiasm, the article cautions that success is uncertain and investors should wait for the excitement to subside before investing.

Shares of banks and financial services companies are trading higher as Treasury yields retreat and investors rotate out of AI-exposed stocks into sectors with more established cash flows and dividend prospects.

UBS Maintains Neutral on Blackstone, Lowers Price Target to $116

UBS analyst Michael Brown maintains Blackstone (NYSE:BX) with a Neutral and lowers the price target from $122 to $116.

Shares of private credit-related companies are trading lower following mixed financial results from financial peers. Results from JPMorgan, Citigroup, Goldman Sachs and Wells Fargo suggest that the dealmaking and trading boom that fueled record first-half earnings may be slowing, as bond market volatility and equity market swings weighed on activity, particularly in late September, raising concerns about earnings momentum in the coming quarters.

RBC Capital Maintains Outperform on Kinetik Holdings, Raises Price Target to $58

RBC Capital analyst Elvira Scotto maintains Kinetik Holdings (NYSE:KNTK) with a Outperform and raises the price target from $57 to $58.

Barclays Maintains Equal-Weight on Kinetik Holdings, Raises Price Target to $56

Barclays analyst Theresa Chen maintains Kinetik Holdings (NYSE:KNTK) with a Equal-Weight and raises the price target from $51 to $56.