Market Overview

UPDATE: Citigroup Reiterates Buy Rating, Raises PT on Apollo Global Management

Share:
Related APO
Mid-Morning Market Update: Markets Open Lower; Finish Line Beats Q4 Expectations
Benzinga's M&A Chatter for Tuesday March 15, 2016
Zuck's Facebook Coup (Seeking Alpha)

In a report published Monday, Citigroup reiterated its Buy rating on Apollo Global Management (NYSE: APO), and raised its price target from $16.75 to $18.00.

Citigroup noted, “We affirm our Buy rating and raise our 12-month target $1.25 to $18 following a constructive 3Q update. While we prefer BX reflecting diversification, superior organic growth outlook, and leverage to improving realizations (particularly in the Real Estate), we are encouraged by APO's consistent yield story and leverage to rising monetization activity.”

Apollo Global Management closed on Friday at $14.33.

Latest Ratings for APO

DateFirmActionFromTo
Apr 2016Deutsche BankMaintainsHold
Mar 2016JefferiesMaintainsBuy
Mar 2016Deutsche BankMaintainsHold

View More Analyst Ratings for APO
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (APO)

View Comments and Join the Discussion!