RBC Capital raised the firm’s price target on Ares Management to $145 from $135 and keeps an Outperform rating on the shares. The company reported a strong Q4, with many metrics above the firm’s expectations, and its common stock dividend increase was consistent with its fee related earnings growth outlook, the analyst tells investors in a research note.
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- Ares Management price target raised to $135 from $120 at RBC Capital
