BMO Capital analyst Rufus Hone raised the firm’s price target on Ares Management to $91 from $89 but keeps a Market Perform rating on the shares after its Q4 earnings beat. The company has significant momentum heading into a key period for fundraising, the analyst tells investors in a research note, also noting that Ares is "one of the best-positioned" alternative investment names for the current market backdrop. The firm adds however that the stock’s potential is reflected in its "premium" earnings multiple.
Published first on TheFly
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