Morgan Stanley lowered the firm’s price target on Apollo Global (APO) to $131 from $170 and keeps an Equal Weight rating on the shares. The firm reduced price targets by 24% on average across the alternative asset manager group on 10% lower FY26 EPS forecasts on average as well as lower P/E multiples given the view that “sluggish” capital markets raise risks to the “private markets flywheel.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APO:
- Opko, Mullen, Appian, Cintas, Apollo: Insider Moves Unveiled
- Apollo funds commit up to $400M for Summit Ridge commercial solar partnership
- Raymond James Says These 2 Undervalued Stocks Stand Out as Smart Buys Now
- Roblox upgraded, GM downgraded: Wall Street’s top analyst calls
- Brookfield Asset Management upgraded to Buy at BofA on valuation, secular growth