Morgan Stanley Maintains Equal-Weight on Ares Management, Raises Price Target to $162
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Equal-Weight rating on Ares Management but raised the price target from $136 to $162, indicating a positive outlook.
October 10, 2024 | 4:30 pm
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Morgan Stanley has maintained its Equal-Weight rating on Ares Management but raised the price target from $136 to $162, indicating a positive outlook.
The increase in the price target from $136 to $162 by Morgan Stanley suggests a positive outlook for Ares Management. Although the rating remains Equal-Weight, the higher price target indicates expectations of growth, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100