$CG

Carlyle Group has withdrawn from pursuing a deal to acquire Lukoil's international assets, according to a spokesman. The assets, valued at around $22 billion, were put up for sale last year due to U.S. sanctions on Russia. Carlyle had initially agreed to buy the assets, excluding those in Kazakhstan, and was in talks with several partners. Other companies, including Exxon Mobil, had shown interest in the portfolio.

The Carlyle Group Inc.'s average price target was reduced from $57.32 to $56.89 by 19 analysts, with a range of $41 to $73. This implies a 43% upside from the Oct. 2 closing price. The consensus rating remains 'Buy' among 23 analysts.

RBC Capital reduced its Q3 2026 earnings estimates for U.S. alternative asset managers by 6% due to seasonal factors and rate uncertainty. The firm highlighted Apollo Global (APO) and Ares Management (ARES) as well-positioned, while Carlyle Group (CG) and TPG (TPG) are more exposed to interest rate risks. Apollo has a $67B market cap, a P/E ratio of 40.9, and a 2% dividend yield. RBC's top picks include Brookfield (BN), Ares, and Blackstone (BX).

The Carlyle Group (CG) will release Q3 2026 financial results on November 5, 2026, and host a conference call at 8:30 a.m. EST. CEO Harvey Schwartz, CFO Justin Plouffe, and Head of Public Investor Relations Daniel Harris will review the results. The earnings release will be available on Carlyle's website and social media. Carlyle manages $485 billion in assets as of June 30, 2026.

Carlyle Asia Partners (part of The Carlyle Group, NASDAQ: CG) acquired a majority stake in Nido Home Finance, Edelweiss's housing finance arm, for approximately USD 215 million. The deal includes a primary capital infusion of INR 1,450 crore and a secondary purchase of a 45% stake from Edelweiss. Nido's net worth is expected to nearly triple to INR 2,300 crore within 18 months. The investment aims to fuel growth in India's affordable housing sector.

Analysts made several rating changes and price target adjustments. JPMorgan upgraded CoreWeave, Welltower, and Macerich, while Citi downgraded Dropbox. Bernstein upgraded Quanta Services, and Morgan Stanley initiated Imax and Nvidia with overweight ratings. Other notable moves include upgrades for Arcturus Therapeutics, Dollar General, and The Brink's Company, and initiations for NeOnc Technologies, Energy Services of America, BayCom, Avidbank, and SpaceX.

Todd Boehly, a US billionaire, is reportedly a potential buyer of Lukoil's international assets, valued at around $22 billion, with backing from the US government and Gulf investors. The assets include oil fields, refineries, and filling stations. Carlyle Group had previously been expected to acquire the portfolio, but Boehly's bid could challenge that. The transaction requires US regulatory approval and Russian government consent.

Carlyle Group's stock is rising as investors react positively to reports of an IPO for its Highway Roop Precision Technologies unit, which could raise up to $400 million. The firm benefits from record assets under management and steady fundraising, but faces concerns over weak cash generation and high leverage.

The Carlyle Group (CG) is acquiring privately held Parallax Energy, valued at roughly C$1 billion, to expand its Canadian energy operations. Parallax produces 20,000 barrels of oil equivalent per day and operates 300,000 acres in Alberta. This is Carlyle's second Canadian energy acquisition in a year, aiming to build a significant light-oil platform. Higher oil prices and improved market access may benefit the deal.

Several sectors, including asset managers, semiconductor stocks, and silver miners, experienced significant declines following Fed Chair Kevin Warsh's press conference. ON Semiconductor (NASDAQ:ON) led the drop, falling 6%, while Boeing (NYSE:BA) weighed on the Dow. Economists are divided on future rate hikes, with some expecting more hikes and others predicting easing next year.