Goldman Sachs upgrades Apollo Global Management (APO) to a Buy rating with an improved price...

|About: Apollo Global Management,... (APO)|By:, SA News Editor

Goldman Sachs upgrades Apollo Global Management (APO) to a Buy rating with an improved price target of $17.50. Analysts with the firm see the asset manager's credit orientation as capable of providing a more "recurring" stream of carry to help it support higher yields.