Argus analyst Stephen Biggar lowered the firm’s price target on Apollo Global to $125 from $135 and keeps a Buy rating on the shares. Argus sees growth in fee- and spread-related assets as a long-term driver for the stock, and believes that the outlook for monetizations will improve on better market valuations, the analyst tells investors in a research note.
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Read More on APO:
- Apollo completes acquisition of 94.53% stake in Purmo Group
- Apollo Funds, together with Rettig, complete the acquisition of a 94.53% stake in Purmo Group Plc
- Apollo Global price target lowered to $124 from $129 at Deutsche Bank
- Tiger Global buys Qualcomm, exits Instacart in Q2
- Apollo Global price target lowered to $135 from $137 at TD Cowen
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