<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 重申了對 Ares Management Corporation 的買入意見，認為近期股價疲軟是一個買入機會。他們維持目標價為 160 美元，引用的前瞻市盈率為 26.2 倍。分析師已下調了 2026 年和 2027 年的每股收益預期。關於人工智能對軟件公司的影響的擔憂被認為是微不足道的，因為只有 5%-6% 的資產管理規模與軟件相關。4.6% 的股息收益率得益於強勁的業務增長，儘管注意到伊朗與美國戰爭帶來的風險</p>

研究警報：CFRA 重申對 ARES Management Corporation 股票的買入評級