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Piper Jaffray Remains Bullish as Apollo Global Management (APO) Institutes $250M Buyback Program
February 4, 2016 9:53 AM ESTPiper Jaffray maintained an Overweight rating on Apollo Global Management (NYSE: APO), and cut the price target to $26.00 (from $32.00), following the company's 4Q earnings report. APO instituted a $250M buyback program. Importantly, the buybacks will be funded from balance sheet resources and doesn't represent a change... More
UBS Says Market May View Apollo Global Management's (APO) Repurchase Plan Positively - Reiterates Buy
February 4, 2016 8:48 AM ESTUBS maintained a Buy rating on Apollo Global Management (NYSE: APO), and cut the price target to $14.00 (from $23.00), following an announced $250 million share repurchase program. UBS believes that the market may view repurchases more positively once actually executed.
Analyst Brennan Hawken commented, "APO... More
