Deutsche Bank Starts Apollo Global Management (APO) at Buy; Mostly Favorable Outlook with Attractive Growth Opportunities

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May 9, 2011 7:02 AM EDT
Get Alerts APO Hot Sheet
Price: $134.54 -4.42%

Rating Summary:
    21 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 2 | Down: 6 | New: 5
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Deutsche Bank initiates coverage on Apollo Global Management (NYSE: APO) with a Buy. PT $20.

Deutsche analyst says, "Apollo is a leading alternative asset manager and is well positioned to generate healthy growth and returns given its industry leading performance record (driven by its value focus), healthy fundraising capabilities, and diversifying growth strategies, as well as mostly supportive industry trends...2011 and 2012 ENI (economic net income) estimates of $2.50 and $2.85."

For more ratings news on Apollo Global Management click here and for the rating history of Apollo Global Management click here.

Shares of Apollo Global Management closed at $17.97 yesterday.

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