Ares Management, L.P. (ARES) PT Raised to $86 at BofA Securities

BofA Securities analyst Craig Siegenthaler raised the price target on Ares Management, L.P. (NYSE: ARES) to $86.00 (from $81.00) while maintaining a Buy rating following CFO meeting

The analyst commented, "Following the meetings, we continue to view ARES as one of the two most defensive asset managers (2nd = OWL) while we also remain bullish on ARES’s long-term growth trajectory which is supported by the company’s 20%+ y/y earnings guidance through 2025."

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