<div id="readability-page-1"><p>08:30 AM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We see  share price weakness as a buying opportunity, as ARES has a formidable business across private credit, real assets, and private equity markets. We think  public equity market worries about whether firms like ARES can continue to deliver high returns from their investment funds is misunderstood. Thus, we maintain our  $160 target using  a forward P/E of 26.2x compared to the three-year historical average at 30.0x and the five-year at 27.0x. We lower our 2026 EPS by $0.30 to $6.10 and 2027's by $0.40 to $7.40, our prior estimates were well above the consensus. With regard to public concerns about the potential negative impact of AI on software companies, ARES states only 5%-6% of total AUM is software-related and digital infrastructure is only 2%, not material.  Default risk is claimed to be less than 1%. Dividend yield is 4.6%, supported by growing businesses with strong inflows and total AUM growth. We think the Iran-U.S. war does pose a risk to monetization of private equity holdings in funds.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

ARES

<p>CFRA 重申了对 Ares Management Corporation 的买入意见，认为近期股价疲软是一个买入机会。他们维持目标价为 160 美元，引用的前瞻市盈率为 26.2 倍。分析师已下调了 2026 年和 2027 年的每股收益预期。关于人工智能对软件公司的影响的担忧被认为是微不足道的，因为只有 5%-6% 的资产管理规模与软件相关。4.6% 的股息收益率得益于强劲的业务增长，尽管注意到伊朗与美国战争带来的风险</p>

研究警报：CFRA 重申对 ARES Management Corporation 股票的买入评级