Carlyle Group price target raised to $65 from $64 at Oppenheimer

Oppenheimer analyst Chris Kotowski raised the firm’s price target on Carlyle Group to $65 from $64 and keeps an Outperform rating on the shares. The analyst says the alternative asset managers represents "bargains" following the collapse of SVB Financial. The alternative asset managers have perhaps the best liability structure in the financial world, while SVB Financial had perhaps the worst. the analyst tells investors in a research note. For the alternatives, the capital is pooled in dozens of different structured vehicles from which capital can only be moved after a realization event at the direction of the sponsor, Opco says.