Finma’s communiqué about Blackstone Resources leads to the suspension of our coverage
On 12-04- 2022, Finma, the Swiss market authority, issued a communiqué which
leads AlphaValue to suspend coverage:
https://www.finma.ch/en/news/2022/04/20220412-mm-blackstone/
AlphaValue is not in a position to add flesh to the Finma statements. Finma argues that the information used by AlphaValue may have not been correct.
“Moreover Blackstone published sponsored buy recommendations with target prices well above the stock market prices actually paid and that were based on partially incorrect information.”
The recommendation is switched to ‘under review’ from a Buy until such time as clarification is obtained or coverage cancelled.
Fundamental Analysis
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