BMO Capital Markets analyst Rufus Hone reiterated an Outperform rating on Apollo Global Management, Inc. (NYSE:APO), raising the price target to $103 from $96. The analyst believes the strategic benefits of the APO-Athene merger are increasingly appreciated by investors. He also expects APO's EPS target for 2026 to be easily surpassed and views his current forecasts as conservative. APO's annual asset origination capacity totals ~$100 billion currently, with significant growth expected in the future.