J.P. Morgan analyst Ken Worthington maintains $Ares Management (ARES.US)$ with a buy rating, and adjusts the target price from $176 to $174.
According to TipRanks data, the analyst has a success rate of 51.3% and a total average return of 2.5% 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, there is a reassessment of the company's FRE (fee-related earnings) margin expectations. This is due to a greater understanding of supplemental distribution fees and ongoing investments. Additionally, there is a newfound recognition of the potential durability in Ares's fundraising efforts.
The optimism for Ares Management is still strong, with the viewpoint that the company is meeting or surpassing the 28 key performance indicators it set forth during its recent investor event.
Ares Management's sentiment has improved, although the shares underperformed on November 1 due to a tepid third quarter and persistent worries regarding margins and wealth distribution expenses. Nonetheless, fundraising efforts have been positive and deployment activity has increased.
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.
