TD Cowen raised the firm’s price target on Ares Management to $175 from $162 and keeps a Buy rating on the shares. The firm raised its target following further analysis of the company’s $3.7B purchase of $44B in AUM GCP International as it broadens its franchise and adds multi-vectored growth or them.
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Read More on ARES:
- Ares Management Expands with $3.7 Billion GCP International Acquisition
- Ares Management offers 27M Series B Mandatory Convertible Preferred shares
- Ares Management to acquire GCP International
- Ares Management price target raised to $174 from $155 at Barclays
- Ares Management price target raised to $160 from $145 at Goldman Sachs