Piper Sandler analyst Sumeet Mody lowered the firm’s price target on Carlyle Group to $48 from $58 and keeps an Overweight rating on the shares. The analyst remains positive on Carlyle Group following the Q4 results given the trajectory of fee-related earnings growth over the medium and long-term, but it more cautious on the FRE and performance fee outlooks for 2023.
Published first on TheFly
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