TD Cowen Reiterates Buy on Apollo Global Management (APO) Following 'Favorable CEO Employment News'

TD Cowen analyst Bill Katz reiterated a Buy rating and $227.00 price target on Apollo Global Management (NYSE: APO).

The analyst commented: "Favorable CEO Employment News. Post 1/31 market close, APO disclosed new 5-year employment agreement with CEO, Mr. Marc Rowan. We view the update favorably, and follows recent senior executive promotions (see 1/15). Affirm Buy rating; $227 price target. APO reports 2/4, and we believe investor positioning is negative.

Affirm Buy Rating; $227 Target - Remains a top pick, and beneficiary of potentially higher for longer rates backdrop. We expect a constructive strategic update around originations, capital solutions, W/M, FRE margins, and directionally favorable retirement market commentary."

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 $170.98 yesterday.

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