Apollo Global price target raised to $200 from $174 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Apollo Global (APO) to $200 from $174 and keeps an Overweight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an “unleash” of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.