UBS analyst Adam Beatty downgraded Apollo Global to Neutral from Buy with a price target of $44, down from $46. The company's "soaring valuation" multiple is increasingly at odds with tapering distributable earnings growth and estimate trends for the Alternative Asset Managers group, Beatty tells investors in a research note.
Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here