BofA Boosts Carlyle (CG) Target amid Broader Asset Manager Estimate Revisions

The Carlyle Group Inc. (NASDAQ:CG) is included among the 14 Best GARP Stocks to Buy According to Analysts.

On February 24, BofA raised its price recommendation on The Carlyle Group Inc. (NASDAQ:CG) to $54 from $52. It reiterated an Underperform rating on the shares. The firm said it is updating EPS estimates for several brokers, asset managers, and exchanges it covers following their recent earnings reports.

A February 10 Reuters report said Carlyle plans to invest 21 billion rupees ($232 million) in the housing finance arm of India’s Edelweiss Financial. The deal includes acquiring a 45% stake and injecting 15 billion rupees in fresh equity into the unit, Nido Home Finance. After the transaction, investment funds linked to Carlyle Asia Partners are expected to hold about 73% of Nido. The company manages assets totaling 48.04 billion rupees.

This move places Carlyle alongside other global investors such as Blackstone and Sumitomo Mitsui Financial Group, which are also expanding into India’s growing housing finance market. It also reflects Carlyle’s continued involvement in India’s financial sector. Last year, the firm exited its long-standing investments in PNB Housing Finance and Yes Bank.

The Carlyle Group Inc. (NASDAQ:CG) is a global investment firm. It operates through three main segments: Global Private Equity, Global Credit, and Carlyle AlpInvest.

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