Credit Suisse analyst Bill Katz tells investors in a research note that Carlyle Group’s (CG) struggle to find a permanent CEO, as highlighted in the Financial Times, is well priced in and that the article overstates underlying internal uncertainty following the firm’s catch up with Carlyle’s management. The analyst, who made no change to the firm’s Outperfom rating or $36 price target, says BlackRock (BLK) "seemingly kicked the take-out tires" on Carlyle, but ended up passing due to cultural issues, including compensation "mismatches."
Published first on TheFly
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