Apollo Global upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Michael Cyprys upgraded Apollo Global (APO) to Overweight from Equal Weight with a price target of $180, up from $151. The firm sees the company’s growth accelerating in 2026 and 2027 driving a “multiple uplift” after years of deceleration. Apollo is an attractive way to play private credit given the “healthy” macro backdrop, and the shares offer an attractive entry point after dropping 25% year-to-date, the analyst tells investors in a research note.