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Fly News Breaks for February 6, 2020
APO
Feb 6, 2020 | 07:43 EDT
Argus analyst Stephen Biggar raised his price target on Apollo Global to $55 and kept his Buy rating after its Q4 earnings beat, with a "strong" 15% growth in fee-paying assets seen as a long-term driver for the stock. The analyst adds that the company's 2019 conversion to a C-Corp from a publicly traded partnership will further expand its shareholder base and increase liquidity.
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