J.P. Morgan analyst Ken Worthington maintains $Ares Management (ARES.US)$ with a buy rating, and adjusts the target price from $141 to $176.
According to TipRanks data, the analyst has a success rate of 51.2% and a total average return of 2.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ares Management (ARES.US)$'s main analysts recently are as follows:
The revival of capital markets is anticipated to continue and potentially quicken the momentum within the private markets. Despite the protraction in deal conversion timelines, owing to a subdued exit environment that has necessitated adjustments to Q3 estimates, there is an expectation for management's perspective and future outlook to bolster the stock's performance.
The firm increased its target following a detailed evaluation of the company's acquisition, which is valued at $3.7 billion for $44 billion in AUM, as it expands its franchise and introduces multiple avenues for growth.
Note:
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