Credit Suisse Downgrades The Carlyle Group LP (CG) to Neutral
Get Alerts CG Hot Sheet
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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Credit Suisse downgraded The Carlyle Group LP (NASDAQ: CG) from Outperform to Neutral with a price target of $18.00, saying they continue to become more defense across alts.
Analyst C. Siegenthaler commented: "We are downgrading our rating of the CG stock to Neutral from Outperform. Given the aging vintage of the current economic cycle, we continue to become more selective/defensive across the asset manager vertical. CG has (1) a large accrued carry balance, (2) a high profit composition from p-fees, and (3) a business weighting towards private equity and real assets, which is why we view CG as one of the most offensive alternative asset manager stocks."
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 $15.62 yesterday.
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