Apollo Global price target raised to $186 from $157 at BMO Capital
BMO Capital analyst Etienne Ricard raised the firm’s price target on Apollo Global (APO) to $186 from $157 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for Asset Managers. For alternative asset managers, 2025 should offer a more active environment for transactions supported by easing monetary policies, though the firm remains mindful that the sector’s record valuations already reflect investor optimism, the analyst tells investors in a research note. BMO adds that the sector valuations also “reflect improving fundamentals”, also noting that realizations have yet to pick-up as meaningfully and should prove to be a key driver of future fundraising and carried interest.
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