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Bank of America Securities Reaffirms Their Buy Rating on Ares Management (ARES)

Tipranks - Tue Apr 7, 12:02PM CDT

Bank of America Securities analyst Craig Siegenthaler maintained a Buy rating on Ares Management on April 2 and set a price target of $148.00.

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Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, T Rowe Price, and Blue Owl Capital. According to TipRanks, Siegenthaler has an average return of 14.1% and a 56.35% success rate on recommended stocks.

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

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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