Deutsche Bank Downgrades The Carlyle Group LP (CG) to Hold

Deutsche Bank downgraded The Carlyle Group LP (NASDAQ: CG) from Buy to Hold with a price target of $16.00 (from $21.00). Analyst Brian Bedell said he doesn't see catalysts near-term.

"The main driver of our downgrade is our view of a lack of a near-to intermediate term positive catalyst for the shares given risk of lower realizations into 2016 and risk of continued subdued performance of three of its four business units (although we expect the Corporate Private Equity unit to continue to execute fairly well)," said Bedell.

For an analyst ratings summary and ratings history on The Carlyle Group LP click here. For more ratings news on The Carlyle Group LP click here.

Shares of The Carlyle Group LP closed at $15.69 yesterday.

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