Wells Fargo Maintains Equal-Weight on Ares Management, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Brown has maintained an Equal-Weight rating on Ares Management (NYSE:ARES) while raising the price target from $156 to $172.
October 09, 2024 | 3:19 pm
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Wells Fargo has maintained its Equal-Weight rating on Ares Management but increased the price target from $156 to $172, indicating a positive outlook.
The increase in price target from $156 to $172 by Wells Fargo suggests a positive outlook for Ares Management, which could lead to a short-term price increase. The maintained Equal-Weight rating indicates a balanced view, but the raised target shows confidence in potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100