Ares Management price target lowered to $98 from $99 at Barclays

Barclays lowered the firm’s price target on Ares Management to $98 from $99 and keeps an Overweight rating on the shares ahead of the Q1 results. The analyst expects realized income to continue at depressed levels across the alternative asset manager group, and says fundraising could get pushed somewhat into Q2, particularly following the banking crisis.