UBS Maintains Buy on Ares Management, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Parkhill maintains a Buy rating on Ares Management (NYSE:ARES) and raises the price target from $156 to $160.
April 12, 2024 | 4:18 pm
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UBS analyst Joseph Parkhill maintains a Buy rating on Ares Management and raises the price target from $156 to $160.
The upgrade in the price target by UBS reflects a positive outlook on Ares Management's stock, likely due to strong performance or favorable market conditions. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100