BMO Capital analyst Rufus Hone initiated coverage of Carlyle (CG) with an Outperform rating and $74 price target The company is poised for sustained outperformance as the durability and breadth of its growth drivers remain underappreciated by the market, the analyst tells investors in a research note. The firm added that it believes skepticism around the company’s valuation gap is overdone, and that its evolving business mix and growth profile support a re-rating.
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