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Wells Fargo Cuts Apollo Global (APO) and KKR (KKR) to Market Perform

August 15, 2014 6:54 AM EDT
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Price: $112.45 -0.99%

Rating Summary:
    16 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Wells Fargo downgraded Apollo Global Management (NYSE: APO) from Outperform to Market Perform with a price target of $21-$25 (from $27-$30). KKR & Co. (NYSE: KKR) was downgraded from Outperform to Market Perform with a price target of $22-$25 (from $27-$30). Analyst Christopher Harris said he sees risk as we approach the latter stages of the credit cycle.

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 $24.40 yesterday.



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