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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 06:47 EDT
Citi analyst William Katz downgraded Carlyle Group to Neutral from Buy with a price target of $35, down from $36. While management "painted a credible bridge" to the next flagship fundraising cycle into the second half of 2021, Carlyle's updated guidance suggests "less financial gearing along the way," Katz tells investors in a post-earnings research note. The analyst no longer sees enough upside to recommend the shares.
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