Wells Fargo Maintains Overweight Rating for Ares Management: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Ares Management ARES and raise its price target from $97.00 to $99.00.

Shares of Ares Management are trading up 1.2% over the last 24 hours, at $88.64 per share.

A move to $99.00 would account for a 11.69% increase from the current share price.

About Ares Management

Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth. The company's operating segments include Credit Group, Private Equity Group, Real Estate Group, Secondaries Group, and Strategic Initiatives. Its Credit Group generates maximum revenue, and manages credit strategies across the liquid and illiquid spectrum. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, and special opportunities, Real Estate Group is engaged in managing real estate equity and debt strategies. The Secondary Solutions Group invests in secondary markets across a range of asset class including private equity, real estate, and infrastructure.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.