Ares Management price target raised to $135 from $120 at RBC Capital

RBC Capital raised the firm’s price target on Ares Management to $135 from $120 and keeps an Outperform rating on the shares ahead of its Q4 results this week. The firm is positive on the more favorable macro outlook, revising its target multiple higher while boosting its FY25 EPS view by 8c to $6.00, the analyst tells investors in a research note.