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Fly News Breaks for August 27, 2019
CG
Aug 27, 2019 | 07:28 EDT
JPMorgan analyst Kenneth Worthington raised his price target for Carlyle Group to $32 from $31 and keeps an Overweight rating on the shares. Carlyle has transitioned to new co-CEOs, which better aligns management interests with shareholders, Worthington tells investors in a research note. This better alignment should drive better returns for shareholders, if executed well, contends the analyst. He views the stock as inexpensive but admits Carlyle is in the cyclically less attractive part of the fund-raising cycle with its flagship funds all raised.
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