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Apollo Global Management’s (NYSE: APO) chief economist recently expressed skepticism around AI (artificial intelligence) being a bubble.
The company is a leader in the alternative asset management space and seems well-positioned for growth in private credit, according to JPMorgan.
The Apollo Global Management Analyst: Kenneth Worthington upgraded the rating Apollo Global Management from Neutral to Overweight, while establishing a price target of $122.
The Apollo Global Management Thesis: The company is poised to capitalize on secular trends such as “the proliferation of private credit and an aging population needing reliable income for retirement,” …
Full story available on Benzinga.com
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