Apollo Global Management (APO) Gets a Buy Rating from Evercore ISI

Evercore ISI analyst Glenn Schorr maintained a Buy rating on Apollo Global Management (APOResearch Report) yesterday and set a price target of $68.00. The company’s shares closed last Friday at $52.90, close to its 52-week low of $49.64.

According to TipRanks.com, Schorr is a 3-star analyst with an average return of 4.2% and a 48.0% success rate. Schorr covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, JPMorgan Chase & Co., and Goldman Sachs Group.

Currently, the analyst consensus on Apollo Global Management is a Moderate Buy with an average price target of $78.05, which is a 46.5% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a $98.00 price target.

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The company has a one-year high of $81.07 and a one-year low of $49.64. Currently, Apollo Global Management has an average volume of 3.47M.

Based on the recent corporate insider activity of 156 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APO in relation to earlier this year.

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Apollo Global Management, Inc. engages in the provision of alternative investment management services. It operates through the following segments: Credit, Private Equity, and Real Assets. The Credit segment focuses on the investment in non-control corporate and structured debt instruments including performing, stressed, and distressed instruments across the capital structure. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY.

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