Barclays analyst Benjamin Budish raised the firm’s price target on Ares Management to $155 from $151 and keeps an Overweight rating on the shares. The company’s Q2 beat expectations across most key performance indicators, with fundraising and deployment activity showing strong quarter-over-quarter improvement, the analyst tells investors in a research note. The firm says the tone of the earnings call was “quite optimistic,” with management seeing transacting activity picking up through 2024.
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Read More on ARES:
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- Ares Management price target raised to $151 from $150 at Barclays