BUZZ-<a href="https://laohu8.com/S/AREMP">Ares Management</a> rises on S&P 500 inclusion** Shares of alternative investment manager Ares Management ARES.N rise 11.3% to $182.76 premarket
** Co set to join S&P 500 .SPX before market open on Dec 11
** ARES to replace pringles maker Kellanova K.N, which is set to be acquired by candy and snacks giant Mars before 2026
** ARES joins alternative asset management heavyweights including Blackstone BX.N, KKR KKR.N and Apollo Global Management APO.N in the SPX
** Twelve of 18 brokerages rate the stock "buy" or higher, six "hold"; their median PT is $188.5
** As of last close, stock had shed 7% of its value this year
(Reporting by Avinash P in Bengaluru)
((Avinash.P@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments