BMO Capital Maintains Outperform on Apollo Global Management, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Rufus Hone maintains an Outperform rating on Apollo Global Management (NYSE:APO) but lowers the price target from $103 to $98.
November 02, 2023 | 6:47 pm
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Apollo Global Management's price target has been lowered from $103 to $98 by BMO Capital, though the Outperform rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees the company as a good investment, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100