Ares Management price target raised to $204 from $199 at TD Cowen

TD Cowen raised the firm’s price target on Ares Management (ARES) to $204 from $199 and keeps a Buy rating on the shares. The firm met with management which reinforced the compounding nature of its platform, in turn, raising confidence that management can not only meet but likely exceed KPIs laid out during 2024 Investor Day