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Apollo Global price target raised to $85 from $80 at Wells Fargo

Wells Fargo analyst Finian O’Shea raised the firm’s price target on Apollo Global to $85 from $80 and keeps an Overweight rating on the shares. The firm remains considerably constructive on asset managers’ operational outlook, especially in light of growth-enhancing diversification and abundant dry powder, the analyst tells investors in a research note.

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