Ares Management, L.P. (ARES) Misses Q4 EPS by 9c (Earlier)

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Go back to Ares Management, L.P. (ARES) Misses Q4 EPS by 9c (Earlier)

BofA/Merrill Lynch Downgrades Ares Management, L.P. (ARES) to Neutral

March 6, 2015 6:28 AM EST

BofA/Merrill Lynch downgraded Ares Management, L.P. (NYSE: ARES) from Buy to Neutral with a price target of $21.00 (from $20.00) following Q4 earnings that missed the firm's and Street estimates.

Analyst Michael Carrier said while the outlook for fundraising and FRE growth remains... More