Citi initiates coverage of Carlyle Group at 'buy' with a price target of $40.00

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Citi initiates coverage of Carlyle Group at 'buy' with a price target of $40.00

An analyst from Citi initiated coverage of Carlyle Group (NASDAQ: CG ) at 'buy' with a price target of $40.00.

Prior to this rating, Carlyle Group had 11 buy ratings, 4 hold ratings, and 1 sell ratings.

For consensus analyst estimates and price targets on Carlyle Group, click here. For more news on Carlyle Group, click here.

Carlyle Group's stock price closed at $27.33. They are down -9.95% in the last month and down -22.42% in the last 12 months.

According to Investing Pro, Carlyle Group's fair value is $38.63, an upside of 41.56%. Carlyle Group's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out Carlyle Group's recent earnings performance and financials here.

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