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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 20:40 EDT
Keefe Bruyette analyst Robert Lee downgraded Carlyle Group to Market Perform from Outperform with a price target of $35, down from $36, after its Q4 results. The analyst notes that while the company's management fees, Fee Related Earnings, and fundraising were largely as expected, he is lowering his Distributable Earnings estimates due to a "more moderate pace of realizations into 2020".
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