Apollo Global Management (NYSE:APO) Hits New 1-Year Low Following Analyst Downgrade

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Apollo Global Management (NYSE:APO) hit a new 52-week low after Barclays lowered its price target from $158 to $131, though maintaining an overweight rating. The financial services provider’s stock traded as low as $101.56, closing at $105.47 on Monday. Despite the downgrade, analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $159.47 according to MarketBeat.

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