Ares Management price target raised to $215 from $207 at Wells Fargo

Wells Fargo raised the firm’s price target on Ares Management (ARES) to $215 from $207 and keeps an Overweight rating on the shares. The firm notes shares underperformed on February 5 on some soft elements of Q4 results and continuing uncertainty for the pace of margin expansion. Fundraising and quarter-over-quarter deployment increase were bright spots, Wells adds.