Carlyle price target lowered to $54 from $56 at Wells Fargo

Wells Fargo analyst Michael Brown lowered the firm’s price target on Carlyle (CG) to $54 from $56 and keeps an Equal Weight rating on the shares. The firm notes disappointing FRE guide for 2025 brought its EPS down. Overall, Carlyle’s growth profile materially lags peers, thus discounted valuation to persist, in Wells’ view. The firm sees better growth potential in 2026 and 2027 but recommends waiting on near-term execution.