Market Overview

UPDATE: JP Morgan Upgrades Carlyle Group to Overweight on Fundamentals

Share:
Related CG
Wall Street's M&A Chatter From June 20: Calpine, Parexel, Gilead, Spherix-Hoth Therapeutics, Norsat-Hytera
Meet This Week's IPOs: A Biotech, A BDC And A Builder
5 High-Yield Dividend Stocks to Own (GuruFocus)

JP Morgan raised its rating on Carlyle Group (NASDAQ: CG) from Not Rated to Overweight with a $29.50 price target.

JP Morgan said, "Fundamentals are good at Carlyle as market conditions are presenting opportunities to both invest and harvest, in a way we are not seeing for other PE firms. We think the results over the last three quarters and particularly in 3Q12 are showing the benefits of a diversified model, with Carlyle leveraging its diversified product offering and geographic presence through a greater rate of investment, fundraising and realization. The results could lead to greater, more stable earnings and a higher valuation."

Carlyle Group closed at $25.76 on Tuesday.

Latest Ratings for CG

DateFirmActionFromTo
Jun 2017Bank of AmericaUpgradesNeutralBuy
May 2017Credit SuisseUpgradesNeutralOutperform
May 2017Keefe Bruyette & WoodsUpgradesMarket PerformOutperform

View More Analyst Ratings for CG
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (CG)

View Comments and Join the Discussion!