Wells Fargo Raises Price Target for One US Financial Stock That’s Up 48% Since Liberation Day-Induced Crash: Report

Wells Fargo is updating its outlook on Ares Administration Company (ARES), reportedly issuing a bullish forecast for the $52 billion international various funding supervisor.

Wells Fargo analyst Michael Brown is raising Ares’s worth goal from $182 to $189, whereas reiterating an obese score, reviews Insider Monkey.

Brown says the agency’s ongoing efficiency and future prospects stay robust.

Ares Administration reported $1.04 billion within the first quarter of the yr, a 38.21% improve.

The agency can be well-positioned to carry out nicely regardless of the market volatility brought on by US President Donald Trump’s tariffs and different geopolitical occasions, which have led to a decline in liquid credit score and fairness markets as a result of conventional capital suppliers shifting to risk-off positions, in response to the report.

Ares plummeted to a low of about $110 on April 4th, however has since surged about 48% since then.

Based on the evaluation, Ares’ enterprise mannequin permits it to keep away from having to promote property amid market uncertainty as a result of “its administration fee-centric method, low steadiness sheet leverage and reliance on long-dated and locked-up third-party capital.”

Over 72% of Ares’s complete property below administration are in credit-related merchandise.

Additionally within the first quarter of the yr, Ares raised over $20 billion in gross new capital commitments, the corporate’s highest Q1 fundraising on file.

ARES is buying and selling for $164.60 at time of writing, up greater than 2% within the final 24 hours.

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