UBS Maintains Neutral on Ares Management, Lowers Price Target to $134
UBS analyst Michael Brown maintains Ares Management (NYSE:ARES) with a Neutral and lowers the price target from $142 to $134.
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Blackstone Raises $1 Billion For Private Credit Continuation Fund As Secondaries Boom
Blackstone raised about $1 billion for a continuation fund, allowing existing investors to exit while retaining the underlying loans.
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Shares of private credit-related companies are trading lower following mixed financial results from financial peers. Results from JPMorgan, Citigroup, Goldman Sachs and Wells Fargo suggest that the dealmaking and trading boom that fueled record first-half earnings may be slowing, as bond market volatility and equity market swings weighed on activity, particularly in late September, raising concerns about earnings momentum in the coming quarters.
TD Cowen Maintains Buy on Ares Management, Lowers Price Target to $159
TD Cowen analyst Bill Katz maintains Ares Management (NYSE:ARES) with a Buy and lowers the price target from $163 to $159.
UBS Maintains Neutral on Blackstone, Lowers Price Target to $116
UBS analyst Michael Brown maintains Blackstone (NYSE:BX) with a Neutral and lowers the price target from $122 to $116.
'Blackstone-Backed Hyperscale Data-Center Operator Delays Singapore IPO' - WSJ
https://www.wsj.com/finance/blackstone-backed-hyperscale-data-center-operator-delays-singapore-ipo-2f18bdc2
Bumble Stock Jumps as Dating App Nears $1 Billion Take-Private Deal
Bumble is in advanced talks to go private in a roughly $1 billion deal with Ithaca Holdings, The Wall Street Journal reported.