Carlyle price target lowered to $57 from $64 at Evercore ISI

Evercore ISI lowered the firm’s price target on Carlyle (CG) to $57 from $64 and keeps an In Line rating on the shares. The recent earnings report “wasn’t its finest moment” with distributable earnings per unit of 96c missing Street expectations as the drop in Corporate Private Equity realizations and a slight miss on FRE led to the stock trading down about 6%, but Carlyle is optimistic about its future pipeline, the analyst tells investors.