Piper Sandler Maintains Overweight on Carlyle Group, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Paul Newsome maintains an Overweight rating on Carlyle Group (NASDAQ:CG) but lowers the price target from $42 to $40.

August 04, 2023 | 1:58 pm
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Piper Sandler maintains an Overweight rating on Carlyle Group but lowers the price target from $42 to $40.
The news is directly related to Carlyle Group. While the Overweight rating is maintained, which is positive, the lowering of the price target from $42 to $40 might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower expected return.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100