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Fly News Breaks for February 18, 2020
ARES
Feb 18, 2020 | 08:21 EDT
BMO Capital analyst James Fotheringham raised his price target on Ares Management to $41 after its Q4 earnings beat, driven by performance fees and net interest income along with its "encouraging" 2020 guidance. The analyst is positive on the company's expectations of performance fee recovery and its accelerating Fee Paying assets under management, but he keeps his Market Perform rating on the stock and believes that the shares fully reflect that outlook.
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