Deutsche Bank Maintains Buy Rating for Carlyle Group: Here's What You Need To Know

Deutsche Bank has decided to maintain its Buy rating of Carlyle Group CG and raise its price target from $43.00 to $44.00.

Shares of Carlyle Group are trading down 0.25% over the last 24 hours, at $30.16 per share.

A move to $44.00 would account for a 45.86% increase from the current share price.

About Carlyle Group

The Carlyle Group is one of the world's largest alternative-asset managers, with $381.2 billion in total assets under management, including $271.4 billion in fee-earning AUM, at the end of March 2023. The company has three core business segments: private equity, which includes private equity, real estate, infrastructure, and natural resources funds (accounting for 40% of fee-earning AUM and 65% of base management fees during 2022), global credit (45% and 25%) and investment solutions (15% and 10%). The firm primarily serves institutional investors and high-net-worth individuals. Carlyle operates through 29 offices across five continents, serving more than 2,900 active carry fund investors from 88 countries.

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