TD Cowen raised the firm’s price target on Ares Management to $162 from $158 and keeps a Buy rating on the shares. The firm said they exited 2Q encouraged by a pick-up in key flywheel metrics and though early post May Investor Day, the company is tracking nicely to 28 KPIs.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARES:
- Ares Management Announces Dividend and Q2 Financial Results
- Ares Management reports Q2 realized EPS 99c, consensus 98c
- Ares Management Lp (ARES) Q2 Earnings Cheat Sheet
- Carlyle lines up $3B credit facility for Baxter unit, Bloomberg reports
- Ares Management price target raised to $151 from $150 at Barclays