RBC Capital analyst Kenneth Lee raised the firm’s price target on Ares Management to $100 from $93 and keeps an Outperform rating on the shares. The company’s Q4 results were "very strong" and brought "further confidence" in its fundraising outlook and earnings growth over time, the analyst tells investors in a research note. The firm is positive on Ares Management given its exposure to private credit, ongoing fundraising momentum, potential growth opportunity during market volatility, and "substantial" long-term fee earnings growth.
Published first on TheFly
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