Citizens JMP raised the firm’s price target on Ares Management (ARES) to $185 from $165 and keeps an Outperform rating on the shares following the Q1 results. The firm views the shares as reasonably fairly valued given the expectation for further realized losses, the analyst tells investors in a research note.
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Read More on ARES:
- Ares Management price target raised to $180 from $164 at Keefe Bruyette
- Ares Management LP Shines in Record Earnings Call
- Ares Management price target raised to $193 from $151 at Wolfe Research
- Ares Management price target raised to $182 from $142 at Barclays
- Ares Management price target raised to $182 from $156 at Wells Fargo
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