Keefe, Bruyette & Woods Starts Apollo Global Management (APO) at Outperform; On the Right Trajectory

Keefe, Bruyette & Woods initiates coverage on Apollo Global Management (NYSE: APO) with an Outperform. PT $21.

KBW analyst says, "We are initiating coverage of Apollo Global Management LLC, a global alternative asset manager with about $48.4 billion and $70 billion of fee- generating assets under management (FPAUM) and assets under management (AUM), respectively, with an Outperform rating and a $21 price target. In our view a combination of favorable secular drivers, solid investment performance, and attractive valuation drives our positive thesis."

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 $17.77 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Ladenburg Thalmann Starts Spire (SR) at Neutral
• Apollo Global Management (APO) PT Raised to $112 at Morgan Stanley
• BofA Securities Downgrades Hertz Global (HTZ) to Underperform