BofA lowered the firm’s price target on Apollo Global (APO) to $165 from $190 and keeps a Buy rating on the shares. Following results, the firm reduced its 2026 and 2027 EPS forecasts to $9.40 and $10.67 from $9.73 and $11.03 and also reduced its multiple given neat-term headwinds to spread-related earnings and still sees competition as a long-term risk, the analyst tells investors in a post-earnings note.
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