Wells Fargo Maintains Equal-Weight on Ares Management, Raises Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timothy O'Shea has maintained an Equal-Weight rating on Ares Management (NYSE:ARES) and raised the price target from $97 to $107.
August 04, 2023 | 11:14 am
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POSITIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Ares Management and raised the price target from $97 to $107.
The raised price target by Wells Fargo indicates a positive outlook for Ares Management. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100