Ares Management price target raised to $205 from $185 at RBC Capital

RBC Capital analyst Kenneth Lee raised the firm’s price target on Ares Management (ARES) to $205 from $185 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for U.S. Asset Managers. The firm forecasts 2025 S&P500 year-end target of 6,600 while noting that asset managers can benefit from operating leverage, also stating that there is a favorable set up for M&A activity in the space, the analyst tells investors in a research note. Ares Management – the firm’s “favorite name” – also has a preferred position as one of the leading global players within private credit, and RBC sees Ares benefiting from strong secular tailwinds in several markets – private credit, banking sector transformation, global infrastructure, private wealth – over the next several years, RBC adds.