Keefe, Bruyette & Woods Downgrades Ares Management to Market Perform, Lowers Price Target to $98
Portfolio Pulse from richadhand@benzinga.com
Keefe, Bruyette & Woods analyst Michael Brown has downgraded Ares Management (NYSE:ARES) from Outperform to Market Perform and lowered the price target from $99 to $98.
July 10, 2023 | 11:45 am
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NEGATIVE IMPACT
Ares Management has been downgraded by Keefe, Bruyette & Woods from Outperform to Market Perform, with a lowered price target of $98.
The downgrade from Outperform to Market Perform by a reputable analyst suggests a less optimistic outlook for Ares Management. The lowered price target also indicates a potential decrease in the stock's value. This could negatively impact the short-term price of ARES.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100