BofA raised the firm’s price target on Carlyle (CG) to $53 from $51 and keeps an Underperform rating on the shares. Looking ahead to 2026, the firm now favors the alternative asset managers to online brokers due to what it sees as a better valuation and positioning setup combined with a stronger macro backdrop, the analyst tells investors in a note on the brokers, asset managers and exchanges group.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CG:
- Carlyle Group Announces General Counsel’s Retirement
- Medline slated to begin marketing for IPO as soon as Monday, Bloomberg says
- Carlyle targets $300M for India side fund, Bloomberg reports
- Chevron Stock (CVX) Eyes Gains as the Oil Giant Joins the Chase for Russia’s Lukoil Assets
- Chevron joins race to explore potential purchase of Lukoil assets, Reuters says