Jefferies Downgrades Ares Management to Hold, Announces $122 Price Target
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Gerald O'Hara has downgraded Ares Management (NYSE:ARES) from Buy to Hold and set a price target of $122.

January 09, 2024 | 2:59 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Ares Management was downgraded by Jefferies from Buy to Hold with a price target of $122.
Downgrades typically lead to a negative perception among investors, potentially causing short-term price declines. However, the establishment of a price target above the current trading price can have a mitigating effect, suggesting that the downgrade is not due to fundamental issues but rather to the stock reaching a valuation threshold. The impact is scored as neutral (0) due to these counterbalancing factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100