Morgan Stanley Maintains Equal-Weight on Ares Management, Raises Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Ares Management (NYSE:ARES) and increased the price target from $109 to $118.
January 24, 2024 | 7:48 pm
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Morgan Stanley has maintained an Equal-Weight rating on Ares Management and raised the price target to $118.
The increase in price target by Morgan Stanley suggests a positive outlook on Ares Management's future performance, which could lead to investor optimism and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100