Keefe, Bruyette & Woods Downgrades Apollo Global Management (APO) to Market Perform

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Keefe, Bruyette & Woods downgraded Apollo Global Management (NYSE: APO) from Outperform to Market Perform, price target cut $1 to $15.50.

Analyst, Robert Lee, said, "We are raising our 2012 and 2013 estimates to $2.45 and $2.25 from $1.90 and $2.00, respectively, to reflect our MTM adjustments."

For an analyst ratings summary and ratings history on Apollo Global Management click here. For more ratings news on Apollo Global Management click here.

Shares of Apollo Global Management closed at $13.99 yesterday, with a 52 week range of $8.85-$18.91.

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