TD Cowen Reiterates Buy Rating on Apollo Global Management (APO)

TD Cowen analyst Bill Katz reiterated a Buy rating and $135.00 price target on Apollo Global Management (NYSE: APO).

The analyst commented, "Somewhat lost in the macro shuffle on 9/5, APO announced the partial sell-down in ATH's stake in Australia-based Challenger and small acquisition of Netherlands-based Beequip, that will beef up its non-US origination platform. While neither will likely move the near term earnings needle, we view both favorably. Affirm Buy rating. At present valuation, significant rates angst seems well priced in."

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 $108.85 yesterday.

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