Ares Management Corporation (NYSE:ARES) ranks among the 20 best fast growth stocks to invest in. On June 30, TD Cowen reaffirmed its Buy rating on Ares Management Corporation (NYSE:ARES) but raised its price target from $199 to $204. The TD Cowen-sponsored investor meetings on June 25 strengthened the firm’s confidence in Ares Management’s platform capabilities, which led to the price target rise.
The meetings, according to TD Cowen, reinforced the company’s faith in the “compounding nature” of Ares Management’s platform and boosted assurance that management can reach and even surpass the key performance metrics set forth at the company’s 2024 Investor Day. The firm cited Ares Management’s “Incumbency Advantage” in particular as an important contributor to its optimistic outlook.
Ares Management Corporation (NYSE:ARES) is an alternative asset management with operations in Asia, Europe, and the United States. The company is divided into different divisions, including the Real Estate Group, the Private Equity Group, the Direct Lending Group, and the Tradable Credit Group.
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