Ares Management price target raised to $215 from $195 at RBC Capital

RBC Capital raised the firm’s price target on Ares Management (ARES) to $215 from $195 and keeps an Outperform rating on the shares after its Q2 results. Fundamentals seem to remain strong despite some fee-related earnings margin drag in Q2, driven by inclusion of GCP International, though the firm is expecting margin improvement over time, the analyst tells investors in a research note. Ares is one of RBC’s top global alternative investment platforms, the firm added.