TD Cowen analyst William Katz maintains $Ares Management (ARES.US)$ with a buy rating, and adjusts the target price from $175 to $187.
According to TipRanks data, the analyst has a success rate of 64.9% and a total average return of 13.2% 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 firm's fee-related earnings margin expectations are undergoing adjustments due to a deeper understanding of supplemental distribution fees and ongoing investments. Additionally, there's a growing recognition of the potential resilience in the company's fundraising momentum.
The bullish scenario for Ares Management is considered to be intact, with the company meeting or exceeding the 28 key performance indicators outlined during its recent investor presentation.
The firm's increased optimism regarding Ares Management stems from a more positive group sentiment, despite the shares underperforming on November 1 due to a weaker third quarter and ongoing concerns about margins and wealth distribution costs. Nevertheless, fundraising efforts were a highlight, and there was an uptick in deployment.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
