BofA lowered the firm’s price target on Apollo Global (APO) to $139 from $170 and keeps a Buy rating on the shares. The firm reduced targets in the asset managers group as part of a Q1 preview. Macro indicators suggest a “challenging” first half of 2026, the analyst tells investors in a research note. BofA believes no companies in the group are positioned for strong Q1 results.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APO:
- Blue Owl Caps Redemptions after Getting Hit with $5.4B in Withdrawal Requests
- Blue Owl falls after capping withdrawals in two private credit funds
- Don’t Freak Out. AMD Is NOT Buying Intel
- Apollo Reports Strong Preliminary Q1 Alternative Investment Returns
- Apollo Global and Athene Holding report Q1 net investment income of $205M