BofA Securities Reiterates Buy Rating on Ares Management, L.P. (ARES)

BofA Securities analyst Craig Siegenthaler reiterated a Buy rating and $181.00 price target on Ares Management, L.P. (NYSE: ARES)

The analyst comments "On Monday, we hosted a group dinner with Ares Management’s CFO Jarrod Phillips. Following the event, we maintain our Buy rating given our view of robust 5Y organic growth led by ARES’s leading private credit business (including ABF & infra) in addition to some of its scaling opportunities (secondaries, private wealth, insurance). Despite significant outperformance in the ARES stock, we think the stock is still somewhat undervalued given our view of 20%+ FRE growth over 5Ys which supports a valuation closer to 30x given DCF/PEG ratio (closer to 1.0x) support."

For an analyst ratings summary and ratings history on Ares Management, L.P. click here. For more ratings news on Ares Management, L.P. click here.

Shares of Ares Management, L.P. closed at $135.78 yesterday.

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