Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Apollo Global Management, Inc. (NYSE:APO) shares are trading higher after BofA Securities analyst Craig Siegenthaler upgraded the stock from Neutral to Buy. The price target was slightly adjusted from $124 to $123.
BofA Securities highlighted two significant near-term catalysts for Apollo Global Management:
The analyst also emphasized Apollo's attractive valuation and potential 25% return with conservative assumptions, despite recent selloffs driven by weak economic data and lower interest rate outlooks.
Earnings Forecast: The earnings estimates for third-quarter 2024, 2025 and 2026 have been slightly lowered due to expected lower transaction fees. However, the long-term outlook remains strong, with Apollo expected to achieve a 15%-20% earnings growth algorithm.
APO Price Action: Apollo Global Management shares rose by 4.34%, trading at $103.46 at the time of writing, according to Benzinga Pro.
See Also:
Image Via Shutterstock.
Posted In: APO