Deutsche Bank initiates coverage of Apollo Global Management (APO) with a Hold rating and a price target of $31. The report discusses APO's advanced fund realization cycle, potential earnings peak, and risk profile. It highlights the impact of the Athene/Aviva acquisition and forecasts a DE per unit drop from $3.82 in 2013 to $2.70 in 2015. The report also outlines valuation, risks, and performance metrics.
doj/DataSet10/EFTA01452594.pdf
{"title":"Alternative Asset Manager Initiation","key_people":["Brian Bedell"],"document_date":"2014-01-28","document_type":"financial","key_locations":["United States"],"key_organizations":["Apollo Global Management","Deutsche Bank"]}