Wells Fargo Initiates Coverage On Ares Management with Equal-Weight Rating, Announces Price Target of $156
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Ares Management with an Equal-Weight rating and set a price target of $156.
September 12, 2024 | 1:52 pm
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on Ares Management with an Equal-Weight rating and a price target of $156, indicating a neutral stance on the stock's potential.
The Equal-Weight rating suggests that Wells Fargo sees Ares Management performing in line with the market. The price target of $156 provides a specific valuation expectation, but the neutral rating indicates no strong buy or sell recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100