Apollo Global Management shares are trading higher after Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target from $94 to $99.
Portfolio Pulse from Benzinga Newsdesk
Apollo Global Management's stock (APO) is trading higher following Morgan Stanley's decision to maintain an Equal-Weight rating and increase the price target from $94 to $99.

January 24, 2024 | 7:45 pm
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POSITIVE IMPACT
Morgan Stanley maintained an Equal-Weight rating on Apollo Global Management and raised its price target to $99, causing APO shares to trade higher.
The increase in price target by a reputable financial services firm like Morgan Stanley typically signals a positive outlook on the stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term. The maintenance of an Equal-Weight rating suggests that the firm believes the stock is fairly valued at its current price, but the raised target indicates an expectation of some growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100