On Nov 05, major Wall Street analysts update their ratings for $Ares Management (ARES.US)$, with price targets ranging from $162 to $187.
Morgan Stanley analyst Michael Cyprys maintains with a hold rating, and maintains the target price at $162.
J.P. Morgan analyst Ken Worthington maintains with a buy rating, and adjusts the target price from $176 to $174.
Wells Fargo analyst Michael Brown maintains with a hold rating, and maintains the target price at $176.
TD Cowen analyst William Katz maintains with a buy rating, and adjusts the target price from $175 to $187.
Furthermore, according to the comprehensive report, the opinions of $Ares Management (ARES.US)$'s main analysts recently are as follows:
The firm's expectations for FRE- fee related earnings - margins are being adjusted in light of a growing understanding of supplemental distribution fees and ongoing investments. Additionally, there is a recognition of the potential steadfastness in the company's fundraising momentum.
The bullish scenario for Ares Management is considered to be intact, with the company meeting or surpassing the 28 key performance indicators it presented during its recent investor day.
Ares Management's share performance lagged on November 1st, influenced by a softer third quarter and ongoing worries regarding margins and the costs associated with wealth distribution. Nonetheless, fundraising efforts proved to be a highlight, and there was an increase in deployment activities.
Here are the latest investment ratings and price targets for $Ares Management (ARES.US)$ from 4 analysts:
Note:
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