Goldman Sachs Upgrades Apollo Global Management (APO) to Buy, Sees 26% Upside
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Price: $111.88 -0.75%
Rating Summary:
16 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
16 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Goldman Sachs upgraded Apollo Global Management (NYSE: APO) from Neutral to Buy with a price target of $17.50 (up from $16), suggesting 25.7% upside.
The firm sees over 40% CAGR in fee-related earnings over the coming years augmented by acquisitions. They also view the company's credit orientation as providing a more "recurring" stream of carry, supporting 6%+ yield.
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 $13.92 yesterday.
The firm sees over 40% CAGR in fee-related earnings over the coming years augmented by acquisitions. They also view the company's credit orientation as providing a more "recurring" stream of carry, supporting 6%+ yield.
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 $13.92 yesterday.
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