UPDATE: Compass Point Raises Price Target on Apollo Global Management to $17.50

According to Compass Point, Apollo Global Management

price target is raised to $17.50. Compass Point said that it reiterates its Buy rating and increases its price target to $17.50 from $15.50 based on the incorporation of an improved environment for realizations. “We are encouraged by APO's ability to deliver strong cash earnings in a tough environment for realizations and with macro events weighing on portfolio company valuations and we view the recent pull-back as a buying opportunity.” Apollo closed on Friday at $14.40.