JPMorgan and Peers Lower Blackstone Mortgage Trust Price Targets Amid Uncertainty JPMorgan has reduced its price target for Blackstone Mortgage Trust (BXMT) to $18.50, citing macroeconomic headwinds and increased recession risks. Other analysts, including Keefe, Bruyette & Woods, have also trimmed their targets. The consensus rating remains 'Hold,' reflecting a cautious outlook as the market weighs ongoing credit and occupancy challenges.1234