BMO Capital analyst Rufus Hone raised the firm’s price target on Apollo Global to $103 from $96 and keeps an Outperform rating on the shares. The analyst states that the firm’s hosted meeting between investors and the company management saw questions that were more balanced between upside and downside risks. BMO maintains that Apollo’s above-$9 EPS target by 2026 will prove a low bar to beat and also views its current forecasts of above $9 EPS in 2025 as conservative as the company appears as the best-positioned alternative investment name for higher interest rates, while its Athene business is also benefiting from record organic volume growth.
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