Deutsche Bank Initiates Buy On Medley Management Shares, $19 PT
In a research report issued today, Deutsche Bank analyst Stephen Laws initiated a Buy rating on Medley Management (NYSE:MDLY) with a $19 price target.
Laws wrote, “MDLY manages permanent capital vehicles and private funds and generates income from base management fees, incentive fees, and performance fees. We expect earnings to grow as MDLY increases AUM and benefits from an attractive market opportunity to make new investments. We are establishing a target of $19 per share, which is based on 12x our 2015 core earnings estimate.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Michael Baker has a total average return of 4.8% and a 65.2% success rate. Baker has a 2.4% average return when recommending DKS, and is ranked #1104 out of 3354 analysts.