According to Compass Point, Apollo Global Management APO 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.
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