Carlyle price target raised to $36 from $31 at Jefferies

Jefferies analyst Daniel Fannon raised the firm’s price target on Carlyle to $36 from $31 and keeps a Hold rating on the shares. Into Q4 earnings, the firm is reducing estimates by 1.5% on average for the alternative asset managers, largely to reflect lower activity levels. While deployment activity is on the rise, monetizations and exits “remain muted” and flagship fundraising remains challenged, the analyst tells investors.