Morgan Stanley Maintains Equal-Weight on Ares Management, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys maintains an Equal-Weight rating on Ares Management (NYSE:ARES) and raises the price target from $88 to $90.

May 22, 2023 | 11:59 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Ares Management and raises the price target from $88 to $90.
The news of Morgan Stanley maintaining an Equal-Weight rating on Ares Management and raising the price target from $88 to $90 indicates that the analyst sees potential for the stock price to increase. However, the Equal-Weight rating suggests that the stock is expected to perform in line with the market, which means the impact on the stock price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100