Ares Management price target raised to $126 from $117 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Ares Management to $126 from $117 and keeps an Overweight rating on the shares. The company’s Q2 beats estimates and the tone of the call was “highly bullish” with management reaffirming long-term guidance and indicating numerous positive developments, such as a pick-up in deployment, the analyst tells investors in a research note.