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Fly News Breaks for February 19, 2020
APO, ATH
Feb 19, 2020 | 07:22 EDT
RBC Capital analyst Mark Dwelle raised his price target on Athene Holding (ATH) to $60 and kept his Outperform rating after its "solid" Q4 results. The analyst notes that while retail flows were still "decidedly soft" amid low interest rates, he expects the company to resume buybacks "anytime". Dwelle adds that the Apollo (APO) restructuring transaction should add more clarity to Athene and see its stock potentially added to indices.