Apollo Global price target raised to $164 from $149 at Wells Fargo

Wells Fargo analyst Michael Brown raised the firm’s price target on Apollo Global (APO) to $164 from $149 and keeps an Overweight rating on the shares. The firm says Apollo is already delivering well against the high bar it set at its October 1 investor day, and thus far, Apollo and KKR (KKR) have had the best prints of alts Q3 earnings season.