Wells Fargo analyst Michael Brown maintains $Ares Management (ARES.US)$ with a hold rating, and maintains the target price at $176.
According to TipRanks data, the analyst has a success rate of 71.0% and a total average return of 16.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ares Management (ARES.US)$'s main analysts recently are as follows:
Following Ares Management's Q3 results, expectations for the company's fee-related earnings margin are being recalibrated to account for a greater understanding of supplemental distribution fees and ongoing investments. Additionally, there's an increased recognition of the potential resilience in the company's fundraising momentum.
The positive outlook for Ares Management is still strong, with the company continuing to meet or surpass the 28 key performance indicators set during its recent investor day.
The modification in the firm's outlook for Ares Management is based on the improved sentiment within the industry. It was observed that the company's shares did not perform as expected on November 1, following a lackluster third quarter, alongside persistent worries pertaining to margins and the expenditures associated with wealth distribution. Nevertheless, the company did see a positive aspect in terms of fundraising capabilities and an increase in asset 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.
