Nomura Securities Starts The Carlyle Group LP (CG) at Neutral; Favorable Outlook, But Some Issues Outstanding
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Price: $29.78 -1.13%
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade CG Now!
Nomura Securities initiates coverage on The Carlyle Group LP (NASDAQ: CG) with a Neutral. PT $22.00.
Analyst, Glenn Schorr, said, "The outlook for alternative asset managers is favorable with competition declining due to regulatory reform, regulatory arbitrage as banks try to sell their assets, and investors seek higher non-correlated returns. Carlyle has a full house of products with expanding distribution capabilities in the best growth markets. However, several issues concern us including 1) potential tax changes, 2) large stock overhang, 3) complex organizational structure, 4) earnings volatility, 5) poor performance of past alternative manager IPOs, and 6) weak equity markets. Our annual ENI/unit estimate for 2012/2013 is $2.77/$3.36."
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, with a 52 week range of $20.00-$22.45.
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Analyst, Glenn Schorr, said, "The outlook for alternative asset managers is favorable with competition declining due to regulatory reform, regulatory arbitrage as banks try to sell their assets, and investors seek higher non-correlated returns. Carlyle has a full house of products with expanding distribution capabilities in the best growth markets. However, several issues concern us including 1) potential tax changes, 2) large stock overhang, 3) complex organizational structure, 4) earnings volatility, 5) poor performance of past alternative manager IPOs, and 6) weak equity markets. Our annual ENI/unit estimate for 2012/2013 is $2.77/$3.36."
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, with a 52 week range of $20.00-$22.45.
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