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Fly News Breaks for December 12, 2019
ARES, APO, CG
Dec 12, 2019 | 06:47 EDT
UBS analyst Adam Beatty downgraded Carlyle Group (CG) to Neutral from Buy with a price target of $31, down from $32. 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. Beatty this morning also downgraded Apollo Global (APO) for a similar rationale. However, he remains bullish on Buy-rated Ares Management (ARES).
News For CG;APO;ARES From the Last 2 Days
APO
Apr 19, 2024 | 09:08 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Paramount (PARA)... To see the rest of the story go to thefly.com. See Story Here
APO
Apr 18, 2024 | 18:53 EDT
APO
Apr 18, 2024 | 18:18 EDT
Sony Pictures (SONY) and Apollo Global (APO) have been in talks over partnering for a joint offer to buy Paramount (PARA), the New York Times' Benjamin Mullin and Lauren Hirsch report, citing two people familiar with the matter. The two companies have not submitted an official bid, as the CBS parent is still in exclusive discussions with Skydance over a potential deal, the authors say, noting the potential Skydance pact has drawn significant pushback from shareholders. Reference Link
