Morgan Stanley analyst Michael Cyprys maintains $Ares Management (ARES.US)$ with a hold rating, and adjusts the target price from $136 to $162.
According to TipRanks data, the analyst has a success rate of 56.2% and a total average return of 5.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ares Management (ARES.US)$'s main analysts recently are as follows:
The analyst observes that the recovery of capital markets is progressing and is likely to hasten the momentum in the private markets. Despite the slower conversion of deal pipelines, attributed to a softer exit activity which prompted cuts in Q3 estimates, the anticipation is for management commentary and future guidance to bolster the stocks.
The firm's assessment of Ares Management has become more favorable following a deeper evaluation of the company's acquisition of a significant asset management portfolio. This strategic move is seen as an expansion of its business scope and is expected to contribute to growth in multiple dimensions.
Note:
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