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Apollo Global Management, LLC Message Board

  • busy26795 busy26795 May 13, 2013 11:25 AM Flag

    Full details

    Apollo Global Management resumed with a Buy at UBS; tgt raised to $32 (before the open)

    UBS resumed coverage of APO with a Buy and raises their tgt to $32 from $24. They note that Apollo is in the process of harvesting gains in their private equity portfolios, by selling "everything that isn't nailed down." In fact, to date in the second quarter, Apollo has realized about $0.75 per share of net realized carry from recent realization activity. They expect Apollo will continue to harvest realized gains on its portfolio for quite some time and they see distributions from potential realizations (as they are conservatively marked today) translating into roughly $3 per share

    Sentiment: Strong Buy

18.62-0.04(-0.21%)Oct 9 4:00 PMEDT