Piper Sandler analyst Sumeet Mody raised the firm’s price target on Ares Management to $97 from $86 and keeps an Overweight rating on the shares. The analyst continues to favor Ares following the Q4 results. The company’s "defensive qualities" are accompanied by "best-in-class" earnings growth expectations across its large-cap peers, the analyst tells investors in a research note.
Published first on TheFly
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- Ares Management price target raised to $91 from $89 at BMO Capital
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