February 6, 2013
06:12 EDT CG, APO, BX, KKR Carlyle Group upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Carlyle Group (CG) citing valuation and the company's yield potential. The firm raised its price target for shares to $34 from $28. Citi also raised its price target for peers, including Apollo Global (APO) to $25 from $21, Blackstone (BX) to $24 from $23.50, and KKR & Co. (KKR) to $22 from $20.
1. See the institutional holding......Really Low.
2. See the dividend increases......Really High.
3. See the deals that they are making (and going to make).......Good ones (not 100%)
4. Finally, the entry way into LATAM, China and India is going to be the Kicker!
Buy in DCA (dollar cost averaging) mode and hold on for the ride. And, while we take the ride, we get paid handsomely. Great alternative to bonds and debt holdings. Of course, with a market correction in the summer, this stock will go down too, but that is when you add more to your holdings.
I am no guru or forecaster, but putting my hard earned money with this writeup.