RBC Capital raised the firm’s price target on Ares Management (ARES) to $185 from $170 and keeps an Outperform rating on the shares after its Q3 results. The firm’s FRE- fee related earnings – margin expectations are being reset as it gains better appreciation of supplemental distribution fees and ongoing investments, though it has also gained more appreciation of potential resiliency in Ares’s fundraising momentum, the analyst tells investors in a research note.
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Read More on ARES:
- Ares Management price target raised to $187 from $184 at TD Cowen
- Ares Management price target raised to $176 from $172 at Wells Fargo
- Ares Management Reports Strong Q3 2024 Results
- Ares Management Reports Strong Q3 2024 Financial Results
- Ares Management reports Q3 realized EPS 95c, consensus 94c
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