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Fly News Breaks for February 19, 2020
Feb 19, 2020 | 07:18 EDT
SunTrust analyst Mark Hughes raised his price target on Athene Holding (ATH) to $61 and kept his Buy rating after its Q4 earnings beat, while also boosting his FY20 EPS view by 10c to $7.55 to reflect his outlook for moderate asset growth, healthy investment spreads, and share repurchases. The analyst remains positive on the company's high quality investment portfolio given its relationship with Apollo Global Managemement (APO) and its potential opportunities such as Funding Agreement Backed Notes or M&A.
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