Morgan Stanley Maintains Equal-Weight on Apollo Global Management, Raises Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Apollo Global Management (NYSE:APO) and increased the price target from $94 to $99.
January 24, 2024 | 7:42 pm
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Morgan Stanley has raised the price target for Apollo Global Management to $99 while maintaining an Equal-Weight rating.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on the stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, which tempers the impact slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100