UBS Starts Apollo Global Management (APO) at Buy; Alternatives Leader at Discount Valuation

UBS initiates coverage on Apollo Global Management (NYSE: APO) with a Buy. PT $21.

UBS analyst says, "We view APO as a premiere alternative asset manager that should benefit from an increasing demand for alternatives, the company’s established track record of superior returns, its disciplined investment approach in particular during challenging periods, and the expansion of its product offerings. Primary risks include market sensitivity, competition, regulation, and difficulty to value the company given the limited visibility into future investments and returns."

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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