Goldman Sachs Starts The Carlyle Group LP (CG) at Neutral; On-going Secular Demand, But Valuation Already Priced In

June 12, 2012 7:20 AM EDT
Get Alerts CG Hot Sheet
Price: $17.05 --0%

Rating Summary:
    6 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 12 | New: 44
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Goldman Sachs initiates coverage on The Carlyle Group LP (NASDAQ: CG) with a Neutral. PT $22.00.

Analyst, Marc Irizarry, said, "CG ranks among the largest, most globally diverse alternative managers, positioning the firm for long-term growth, operating leverage, and cash distributions as the private equity backdrop improves. Near-term, we are more cautious given capital market volatility’s impact on exit activity and mark-to-market risk. Further, valuation bakes in the firm’s “up market” leverage and we see more attractive valuations elsewhere among alternative asset managers. Our 2012/2013/2014 ENI estimates are $2.19/$3.22/$3.54."

For an analyst ratings summary and ratings history on The Carlyle Group LP click here. For more ratings news on The Carlyle Group LP click here.

Shares of The Carlyle Group LP closed at $21.42 yesterday.

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