Ares Management (ARES) and American Express (AXP) have caught the attention of financial analysts, with both companies receiving bullish ratings from Bank of America Securities. Craig Siegenthaler, a 5-star analyst from Bank of America, maintained a Buy rating on Ares Management, citing optimism in the financial sector. The stock closed last Friday at $134.57, near its 52-week low of $125.23. Siegenthaler's average return is 12.5%, with a 57.5% success rate. The analyst consensus for Ares Management is a Moderate Buy, with an average price target of $147.91, suggesting a 9.5% upside from current levels. Additionally, TipRanks upgraded the stock to Buy with a $149.00 price target on November 7.
Meanwhile, Mihir Bhatia from Bank of America Securities also maintained a Buy rating on American Express. The company's shares closed last Friday at $320.56, close to its 52-week high of $326.28. Bhatia, another 5-star analyst with a 9.0% average return and a 62.2% success rate, covers various financial stocks. The general consensus on American Express is a Moderate Buy, with an average price target of $366.00, representing a 14.1% upside. J.P. Morgan also maintained a Buy rating on the stock with a $365.00 price target in a report issued on October 29.