As previously reported, Oppenheimer downgraded Ares Management (ARES) and Hamilton Lane (HLNE) to Perform from Outperform as price targets are exceeded. The firm notes that it is not changing any earnings estimates, but rather just adjusting its valuation models to account for the market moves.
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Read More on ARES:
- Ares Management downgraded to Perform from Outperform at Oppenheimer
- Ares Management opens new office in Milan
- Balanced Outlook for Ares Management: Hold Rating Amid Adjusted EPS Estimates and Raised Price Target
- Ares Management price target raised to $185 from $165 at Citizens JMP
- Ares Management price target raised to $180 from $164 at Keefe Bruyette