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Fly News Breaks for February 4, 2016
APO
Feb 4, 2016 | 07:41 EDT
UBS lowered its price target on Apollo Global to $14 from $23. The firm noted the company announced a buyback sending a strong signal they believe the shares are undervalued. UBS maintained its Buy rating as they believe once the repurchases are executed, the market may view the buybacks positively.
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