Wolfe Research raised the firm’s price target on Carlyle (CG) to $66 from $49 and keeps an Outperform rating on the shares. The firm has confidence in recommending alternative asset managers over the merger and acquisition brokers as a way to play the improving capital markets backdrop.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CG:
- Carlyle upgraded to Buy from Neutral at Citi
- SBUX Stock Rises as Starbucks China Attracts $10B Valuation
- Here’s Why SoFi Technologies Stock (SOFI) Hit a New 52-Week High Today
- Meta Seeks $29B for AI Push and Continues Poaching OpenAI Talent
- Meta eyes raising $29B to fund AI data center push, FT reports