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Ares Management ( NYSE: ARES ) shares fell 5% on Monday after BMO Capital Markets downgraded its ratings from Outperform to Market Perform.
Analyst Rufus Hone wrote, "The strong fundraising pipeline and premium fee-related earnings growth are now fairly reflected in the blended P/E multiple." The brokerage continues to see Ares ( ARES ) as one of the "best-positioned Alts" for current market backdrop, but believes that there’s better relative value elsewhere.
SA Quant system rates Ares Management ( ARES ) as hold
The stock has lost 7.32% in value over the past year