Wells Fargo & Company Begins Coverage on Ares Management (NYSE:ARES)
MarketBeat
Wells Fargo & Company initiated coverage on Ares Management (NYSE:ARES) with an "overweight" rating and a $136 price target, indicating a potential upside of 15.56%. This new rating aligns with a "Moderate Buy" consensus among analysts, with an average target price of $156. The report highlights Ares Management's solid Q2 earnings, institutional interest, and positive developments like successful fundraising and strategic investments in renewable energy and telecom infrastructure.
Read the full story
This is a short summary. The complete article is published by MarketBeat.
Headline and summary aggregated from public news feeds. For information only — not financial advice.