Analysts at underwriting banks are piping up on Carlyle Group’s stock now that the quiet period required by regulators is over.
Tuesday was the first day analysts at banks that served as managers or co-managers for Carlyle’s initial public offering could issue opinions on the stock.
The analysts issuing research Tuesday were split down the middle on the company’s outlook, with five recommendations to buy and five recommendations to hold. Price targets ranged from $22–only slightly above where the stock is currently trading–to Credit Suisse’s super-bullish estimate of $37.
Shares were up 2.4% to $21.94 recently.
- Analysts Jump on Carlyle Group With Mixed Bias As Quiet Period Ends (CG) (247wallst.com)
- In Debut, Carlyle Stock Opens Flat (dealbook.nytimes.com)
- Credit Suisse’s Dong Tao: China is in a liquidity trap (businessinsider.com)