Barclays raised the firm’s price target on Ares Management to $130 from $126 and keeps an Overweight rating on the shares. The analyst sees “green shoots emerging” for the alternative asset managers. Companies continue to see “green shoots,” but for Q3, the story is little changed versus Q2, the analyst tells investors in a research note. The firm expects inflows to be strongest at Ares and Apollo.
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Read More on ARES:
- Ares Management price target raised to $122 from $106 at BofA
- Wolfe Research initiates the Alternative Asset Managers at Market Overweight
- Ares Management initiated with an Outperform at Wolfe Research
- Ares Acquisition, X-Energy Reactor announce updates to business combination
- Ares Management co-founder Kaplan sells $20.7M in common stock
