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Fly News Breaks for March 7, 2016
APO
Mar 7, 2016 | 09:07 EDT
BMO Capital believes that Apollo Global's earnings appear to have reached a positive turning point. The firm thinks the company is well-positioned to increase its distributions, as it predicts that the company's Distributable Earnings can rise 200%-300% over the next few years. It reiterates a $24 price target and Outperform rating on the shares.