BofA lowered the firm’s price target on Ares Management (ARES) to $148 from $180 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.
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