Barclays analyst Benjamin Budish lowered the firm’s price target on Apollo Global to $74 from $80 and keeps an Overweight rating on the shares. The analyst updated price targets in the brokers, asset managers and exchanges group following the collapse of SVB Financial and other recent events. The firm thinks near-term cash borrowing will weigh on fiscal 2023 and 2024 earnings and balance sheet growth for the sector.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on APO:
- Invest in a Bank Stock Rebound with This ETF
- CVR Energy to replace Atlas Air in S&P 600 at open on 3/21
- J.F. Lehman & Company Acquires Atlas Air Worldwide In Partnership With Apollo and Hill City Capital
- Exponent Set to Join S&P MidCap 400; CVR Energy and Certara to Join S&P SmallCap 600
- Atlas Air expects to consummate Apollo merger on or about March 17
