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Goldman Sachs Sticks to Their Buy Rating for Ares Management (ARES)

Tipranks - Tipranks - Tue Apr 7, 7:30AM CDT

In a report released today, Alexander Blostein from Goldman Sachs maintained a Buy rating on Ares Management, with a price target of $165.00.

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Blostein covers the Financial sector, focusing on stocks such as Apollo Global Management, Invesco, and Blackstone Group. According to TipRanks, Blostein has an average return of 16.3% and a 68.10% success rate on recommended stocks.

In addition to Goldman Sachs, Ares Management also received a Buy from Bank of America Securities’s Craig Siegenthaler in a report issued yesterday. However, on April 1, TipRanks – OpenAI reiterated a Hold rating on Ares Management (NYSE: ARES).

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Based on Ares Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.77 billion and a net profit of $54.25 million. In comparison, last year the company earned a revenue of $1.26 billion and had a net profit of $177.32 million

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