Barclays Maintains Overweight on Ares Management, Raises Price Target to $174
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish has maintained an Overweight rating on Ares Management and increased the price target from $155 to $174.
October 07, 2024 | 6:22 pm
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POSITIVE IMPACT
Barclays has reaffirmed its Overweight rating on Ares Management and increased the price target to $174, indicating confidence in the company's future performance.
The increase in price target from $155 to $174 by Barclays suggests a positive outlook on Ares Management's future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100