Apollo Global price target lowered to $128 from $131 at Barclays

Barclays lowered the firm’s price target on Apollo Global to $128 from $131 and keeps an Overweight rating on the shares following the Q2 report. The tone of the earnings call was mixed with management reporting solid origination and deployment activity, though lowered Athene’s 2024 growth and overall net investment spread, with many questions remaining, the analyst tells investors in a research note.