Barclays Maintains Overweight on Ares Management, Lowers Price Target to $153
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish maintains an Overweight rating on Ares Management (ARES) but lowers the price target from $157 to $153.
April 08, 2024 | 1:53 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Ares Management but lowers the price target from $157 to $153.
The adjustment in price target by Barclays, while maintaining an Overweight rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. The reduction in price target might reflect minor concerns or adjustments in valuation models, but the continued Overweight rating indicates a positive outlook on the stock's performance. Therefore, the impact is neutral as the positive sentiment of the Overweight rating balances the slight negative sentiment from the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100