Apollo Global price target raised to $109 from $104 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Apollo Global to $109 from $104 and keeps an Overweight rating on the shares. The analyst sees “green shoots emerging” for the alternative asset managers. Companies continue to see “green shoots,” but for Q3, the story is little changed versus Q2, the analyst tells investors in a research note. The firm expects inflows to be strongest at Ares and Apollo.