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Analysts Are Bullish on Top Financial Stocks: Ares Management (ARES), Erie Indemnity Company (ERIE)

Tipranks - Tipranks - Wed Apr 29, 1:16PM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Ares Management (ARES) and Erie Indemnity Company (ERIE) with bullish sentiments.

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Ares Management (ARES)

Bank of America Securities analyst Craig Siegenthaler maintained a Buy rating on Ares Management today. The company’s shares closed last Tuesday at $111.65.

According to TipRanks.com, Siegenthaler is a 5-star analyst with an average return of 13.3% and a 57.3% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Figure Technology Solutions, Inc. Class A, Intercontinental Exchange, and Victory Capital Holdings. ;'>

Currently, the analyst consensus on Ares Management is a Moderate Buy with an average price target of $146.00, which is a 28.2% upside from current levels. In a report issued on April 20, RBC Capital also maintained a Buy rating on the stock with a $162.00 price target.

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Erie Indemnity Company (ERIE)

William Blair analyst Adam Klauber maintained a Buy rating on Erie Indemnity Company today. The company’s shares closed last Tuesday at $234.54.

According to TipRanks.com, Klauber is a 1-star analyst with an average return of -2.1% and a 39.0% success rate. Klauber covers the Financial sector, focusing on stocks such as American Integrity Insurance Group, Inc., Skyward Specialty Insurance Group, Inc., and Ethos Technologies Inc. Class A. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Erie Indemnity Company.

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