TD Cowen raised the firm’s price target on Ares Management to $171 from $154 and keeps a Buy rating on the shares. The firm’s new target is a Street high and based it on its financial guidance seems conservative, its multi-vectored growth pathway, and its high multiple “outcome” reflecting Gen III focus, rising margins, share gains, and strong execution.
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: