As previously reported, TD Cowen upgraded Carlyle (CG) to Buy from Hold with a price target of $56, up from $37. Following a Q1 beat, the firm is revising its model and considering the evolving macro backdrop, leading to its upgrade, the analyst tells investors. The firm sees Carlyle transitioning into a “beat and raise” financial guidance story after years of uneven updates, while the relative multiple seems “particularly washed out,” the analyst added.
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Read More on CG:
- Carlyle upgraded to Buy from Hold at TD Cowen
- Carlyle price target raised to $50 from $46 at BofA
- Positive Outlook for Carlyle Group: Buy Rating Supported by Strong Q1 2025 Results and Growth Potential
- Carlyle price target raised to $45 from $43 at Keefe Bruyette
- Cautious Hold Rating for Carlyle Group Amid EPS Forecast Adjustment and P/E Ratio Increase
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