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Carlyle (US:CG) has been upgraded from Neutral to Buy in a statement by BofA Merrill earlier today.

BofA Merrill has upgraded Carlyle (US:CG) from Neutral to Buy in a statement released on 6/08/2017.

Yesterday Carlyle (US:CG) traded -0.10% lower at $17.45. The company’s 50-day moving average is $22.67 and its 200-day moving average is $19.62. The last stock close price is down 22.70% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 156,713 shares of the stock were exchanged, down from an average trading volume of 902,163

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Carlyle (US:CG)

Carlyle has a 52 week low of $14.35 and a 52 week high of $24.85 with a P/E ratio of 56.38 The company’s market cap is currently $0.

In addition to BofA Merrill reporting its target price, a total of 14 firms have issued a report on the stock. The consensus target price is $19.43 with 1 firm rating the stock a strong buy, 5 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Carlyle (US:CG)

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials. As of December 31, 2016, the Real Assets segment advised its 26 active carry funds focused on real estate, infrastructure and energy and natural resources (including power). As of December 31, 2016, the Global Market Strategies segment advised a group of 57 active funds that pursue investment strategies, including leveraged loans and structured credit, energy mezzanine opportunities, middle market lending and distressed debt. Its Investment Solutions segment provides investment opportunities and resources for its investors and clients.

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