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Apollo Global Management (NYSE:APO) Upgraded by Royal Bank Of Canada to "Hold" Rating
Royal Bank of Canada upgraded Apollo Global Management (NYSE:APO) to a “Hold” rating, though the consensus remains a “Moderate Buy” with an average price target of $161.27. Despite beating quarterly EPS estimates and showing modest revenue growth, the stock trades well below its consensus price target and 52-week high. The company faces potential near-term risks from ongoing investor investigations and sector pressure concerning private-credit and BDC exposures.