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Ares Management (ARES) Receives a Hold from JMP Securities

In a report issued on July 12, Devin Ryan from JMP Securities maintained a Hold rating on Ares Management (ARESResearch Report). The company’s shares closed last Friday at $65.14.

According to TipRanks.com, Ryan is a 5-star analyst with an average return of 12.7% and a 56.4% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Perella Weinberg Partners, and Oaktree Specialty Lending.

Ares Management has an analyst consensus of Strong Buy, with a price target consensus of $82.11, implying a 24.6% upside from current levels. In a report issued on July 19, Morgan Stanley also maintained a Hold rating on the stock with a $76.00 price target.

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Ares Management’s market cap is currently $18.89B and has a P/E ratio of 31.87.

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Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was by founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal on November 15, 2013 and is headquartered in Los Angeles, CA.

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