BMO Capital initiated coverage of Ares Management (ARES) with a Market Perform rating and $156 price target Ares has industry-leading private credit capabilities and strong fee-related earnings, but faces mounting competition and macro headwinds, the analyst tells investors in a research note. Due to a number of headwinds, the firm believes other alternative managers offer more compelling near-term risk/reward
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARES:
- Ares Management acquires Meade Pipeline for $1.1B
- Strong Buy Recommendation for Ares Management Driven by Growth Prospects and Strategic Initiatives
- Ares Management Releases Investor Presentation Online
- Apollo Stock (APO) Heads to Spain For Potential $2.9B Atletico Madrid Football Deal
- Apollo Global Management Targets $5 Billion Sports Investment Push