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Enter Symbol:
Rating: APO
Equal-Weight $34

Apollo Global Management LLC C (NYSE: APO) downgraded to Equal-Weight with price target $34 by Morgan Stanley

Thursday,  Feb 27, 2014  8:25 AM ET by Lynn Gilbert

Morgan Stanley downgraded Apollo Global Management LLC C (NYSE: APO) to Equal-Weight with
price target $34. Previously, Morgan Stanley rated Apollo Global Management LLC C (NYSE: APO) to Overweight on 09/11/2013, when the stock price was valued at $28.09.

American Community Properties Trust (ACPT) is a self-managed holding company that is primarily engaged in the business of investing in and managing multifamily rental properties, as well as community development and homebuilding. ACPT?s operations are primarily concentrated in the Washington, D.C. metropolitan area and Puerto Rico and are carried out through its United States subsidiaries, American Rental Properties Trust (ARPT), American Rental Management Company (ARMC), American Land Development, Inc. (ALD) and their subsidiaries and its Puerto Rican subsidiary, IGP Group Corp. (IGP Group). ACPT operates in two principal lines of business: Operating Real Estate and Land Development. The Operating Real Estate segment is comprised of ACPT?s investments in rental properties and property management services. The Land Development segment is comprised of ACPT?s community development and homebuilding services.

Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Our analysts, economists, and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets, and the world’s economies. Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.

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