Apollo Global price target lowered to $193 from $196 at Wolfe Research

Wolfe Research lowered the firm’s price target on Apollo Global (APO) to $193 from $196 and keeps an Outperform rating on the shares as part of a 2025 playbook for the brokers, asset managers, and exchanges. The firm is “getting selective as valuations look stretched.” After a “banner year” for financials, Wolfe is most positive on names with secular growth stories and exposure to “Trump tailwinds,” the analyst tells investors in a research note.