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Fly News Breaks for February 18, 2020
ARES
Feb 18, 2020 | 08:34 EDT
RBC Capital analyst Kenneth Lee raised his price target on Ares Management to $45 and kept his Outperform rating after its Q4 earnings beat, driven by "portfolio realizations". The analyst is positive on the company's increasing visibility into "potentially significant" fee-related earnings and asset growth this year, raising his FY20 and FY21 EPS views by 5c and 7c respectively to $1.97 and $2.28.
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