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Ares Management price target lowered to $175 from $178 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Ares Management (ARES) to $175 from $178 and keeps an Equal Weight rating on the shares. The firm updated its price targets for Alternative Asset Mgrs, North America under its coverage, the analyst tells investors. While credit concerns will likely dominate near-term market valuations, capital markets rebound is on track, the firm adds.

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