Jefferies Starts The Carlyle Group LP (CG) at Hold

Jefferies initiates coverage on The Carlyle Group LP (NASDAQ: CG) with a Hold rating and a price target of $18.00.

Analyst Gerald E. O'Hara commented, "We are initiating coverage of CG with a Hold rating and a $18 PT. The company is coming off a 12-month period that has yielded approx. $20B in realizations coupled with roughly $19B in fresh capital. As fundraising slows and the focus shifts to deploying approx. $60B in dry powder, we anticipate a transitional period in the growth of DE as a natural seasoning of funds takes place."

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 $16.54 yesterday.

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