Apollo Global Management LLC (APO) Gets a Buy Rating from KBW


In a report released yesterday, Robert Lee from KBW reiterated a Buy rating on Apollo Global Management LLC (NYSE: APO), with a price target of $42. The company’s shares closed yesterday at $34.11.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 8.0% and a 65.5% success rate. Lee covers the Financial sector, focusing on stocks such as Victory Capital Holdings Inc, Janus Henderson Group plc, and SEI Investments Company.

Currently, the analyst consensus on Apollo Global Management LLC is a Strong Buy with an average price target of $40.75, representing a 19.5% upside. In a report issued on July 18, Oppenheimer also maintained a Buy rating on the stock with a $42 price target.

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Based on Apollo Global Management LLC’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $63.65 million. In comparison, last year the company had a net profit of $88.39 million.

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Apollo Global Management LLC is a global alternative investment manager, which provides private equity, credit-oriented capital markets, and real estate. The company raises, invests and manages funds on pension and endowment funds as well as other institutional and individual investors.

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