Ares Management price target raised to $140 from $127 at Barclays

Barclays raised the firm’s price target on Ares Management (ARES) to $140 from $127 and keeps an Overweight rating on the shares. The firm says the company’s “strong” Q1 fundraising, reaffirmed fiscal year outlook, and “confident tone” around deployment and capital formation more than offset a few soft items in the Q1 report.