Carlyle price target raised to $69 from $67 at RBC Capital

RBC Capital analyst Bart Dziarski raised the firm’s price target on Carlyle (CG) to $69 from $67 and keeps an Outperform rating on the shares. The company’s move higher following investor day is a testament to several components of the business gaining momentum including an upcoming fundraising cycle, scaling Wealth business, Fee-Related Earnings margin expansion, and improving performance driving higher realized carry, the analyst tells investors in a research note.