Close

Morgan Stanley Resumes Ares Management, L.P. (ARES) at Equalweight

September 10, 2021 2:24 AM EDT
Get Alerts ARES Hot Sheet
Price: $75.12 --0%

Rating Summary:
    13 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 22 | New: 10
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Morgan Stanley analyst Michael Cyprys resumes coverage on Ares Management, L.P. (NYSE: ARES) with a Equalweight rating and a price target of $90.00.

The analyst comments "We see path for 26% annual growth in fee-related earnings (FRE) to reach $1.3b in 2025. But with our forecasts in-line with consensus, we see less scope for upward revisions and see potential for greater competition. At 21x P/E on '23 vs. peers at 18x, growth appears more priced in."

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 $79.75 yesterday.



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

You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage

Related Entities

Morgan Stanley, Earnings