Ares Management LP's stock surged 6.33% during intraday trading on Friday, marking a significant upward move.
The sharp increase appears to be driven by a positive analyst action, as Deutsche Bank upgraded its rating on Ares Management from Hold to Buy. The upgrade, which came with a price target of $155, provided a bullish signal to investors. Deutsche Bank cited a "compelling" entry point for the stock, despite the company's recent quarterly report showing a headline miss.
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