BMO Capital analyst Etienne Ricard raised the firm’s price target on Apollo Global to $111 from $108 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company benefits from many organic levers to drive mid-to-high-teens earnings growth, including the continued scaling of origination platforms, channel expansion at Athene, private wealth capital raising, and FRE margin upside, the analyst tells investors in a research note.
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