TD Cowen raised the firm’s price target on Carlyle to $51 from $46 and keeps a Market Perform rating on the shares. The firm raised estimates to reflect faster organic growth, higher transaction activity and strong but modestly slower FRE margin ramp. In turn, they raised their 12-month SOTP price target to reflect higher DE outlook and moderately higher target comparable multiple.
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- Carlyle price target raised to $64 from $48 at Deutsche Bank