BofA analyst Craig Siegenthaler lowered the firm’s price target on Apollo Global to $94 from $97 and keeps a Neutral rating on the shares. In its earnings preview for the alternative asset managers, the firm notes that Q3 financial results were impacted by several headwinds that include negative markets, rising defaults and restructurings, higher interest rates, offset by positives that include realizations, investing, retail flows and improving trends. Ahead of Q3 reports, the firm adjusts its estimates and reduced its price targets for “most Alts” it covers.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on APO:
- Yahoo to spin off search tech Vespa into independent company, TechCrunch reports
- TeleVox Launches eCheck-in to Streamline Intake Process
- West completes sale of SchoolMessenger to PowerSchool
- West Completes Sale of SchoolMessenger to PowerSchool
- Mosaicx Hosts Webinar with Dr. Anastassia Lauterbach to Unpack Generative AI
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue