Ares Management price target lowered to $150 from $153 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on Ares Management to $150 from $153 and keeps an Overweight rating on the shares. The company’s Q1 missed expectations but the tone of the call was quite optimistic, with management seeing transacting activity picking up through the year, the analyst tells investors in a research note.