Redburn Atlantic analyst Nicholas Watts initiated coverage of Ares Management with a Neutral rating and $140 price target. Ares has been the best performing of the major U.S. private market managers since its listing in 2014, the analyst tells investors in a research note. The firm cites the stock’s premium valuation to the sector for the Neutral rating.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARES:
- Ares Management price target lowered to $133 from $134 at Deutsche Bank
- Lone Pine buys GE Vernova, exits Live Nation in Q2
- Ares exploring buyout of Form Technologies, Bloomberg reports
- Disney, Airbnb dip despite quarterly beats: Morning Buzz
- Ares JV near $1B deal for Hyatt Regency Orlando, Bloomberg reports