Market Overview

UPDATE: Sterne Agee Initiates Apollo Global Management at Buy on PE Realizations and Credit Growth

Related APO
Top 4 Mid-Cap Stocks In The Diversified Investments Industry With The Highest EPS
KKR Moves Into Australia While Apollo Global Shares Move 'Down Under'
Carlson Sells TGI Fridays For Reported $800M (Fox Business)

In a report published on Tuesday, Sterne Agee analyst Jason Weyeneth initiated coverage on Apollo Global Management (NYSE: APO) with a Buy rating and a $33 price target.

In the report, Sterne Agee stated, "Following what has been a strong run in the shares, the combination of continued substantial private equity portfolio company exit activity and multiple expansion driven by rapid growth of higher multiple fee-related earnings can drive future returns to unit holders. In addition, we believe the value of Athene is underappreciated and will emerge in 2014."

Apollo Global Management closed on Monday at $27.56.

Latest Ratings for APO

DateFirmActionFromTo
Sep 2014Deutsche BankMaintainsHold
Aug 2014Wells FargoDowngradesOutperformMarket Perform
Aug 2014CitigroupMaintainsNeutral

View More Analyst Ratings for APO
View the Latest Analyst Ratings

Posted-In: Jason Weyeneth Sterne AgeeAnalyst Color Initiation Analyst Ratings

 

Related Articles (APO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters