BMO Capital Maintains Market Perform on Ares Management, Raises Price Target to $96
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Rufus Hone maintains a Market Perform rating on Ares Management (NYSE:ARES) and raises the price target from $95 to $96.
August 04, 2023 | 11:15 am
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NEUTRAL IMPACT
BMO Capital maintains a Market Perform rating on Ares Management and raises the price target from $95 to $96.
The news is directly related to Ares Management. The price target increase from $95 to $96 by BMO Capital indicates a positive outlook, but the maintenance of a Market Perform rating suggests that the stock is expected to perform in line with the market, not outperform it. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100