S&P 500 Adds Ares Management, Deletes Kellanova Effective Dec 11, 2025
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 day ago
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Source: PRnewswire
- Index Changes: On December 11, 2025, Ares Management will be added to the S&P 500, indicating its recognition in the financial sector, which is expected to attract more investor attention to its stock.
- Component Adjustment: On the same day, Kellanova will be removed from the S&P 500, reflecting its poor market performance in the consumer staples sector, which may pressure its stock price and affect investor confidence.
- Small Cap Dynamics: Vital Farms will join the S&P SmallCap 600 on December 11, 2025, showcasing its growth potential in the consumer staples industry, likely attracting more small-cap investors.
- Market Liquidity Shift: Sezzle will be added to the S&P SmallCap 600 on December 15, 2025, replacing Vital Energy, which is expected to enhance its market liquidity and strengthen its influence in the financial sector.
ARES.N$0.0000%Past 6 months

No Data
Analyst Views on ARES
Wall Street analysts forecast ARES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARES is 189.58 USD with a low forecast of 156.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast ARES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARES is 189.58 USD with a low forecast of 156.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 164.260

Current: 164.260

Oppenheimer
Chris Kotowski
Outperform
maintain
$180 -> $190
Reason
Oppenheimer
Chris Kotowski
Oppenheimer analyst Chris Kotowski raised the firm's price target on Ares Management to $190 from $180 and keeps an Outperform rating on the shares. On the morning of Ares' earnings, the stock was up 5.5% in a flattish market. It is a small sign of the absolute credibility that this company has on all things related to private credit, the firm says. On the call, CEO Arougheti pointed to the obvious facts that neither the banks nor the Alts that have reported earnings showed any signs of broad-based credit issues and on this occasion, people finally seemed to listen. Oppenheimer continues to think the group's selloff is a buying opportunity.
upgrade
$175 -> $197
Reason
TD Cowen raised the firm's price target on Ares Management to $197 from $175 and keeps a Buy rating on the shares. The firmupdated its model following its better than expected Q3 results.
Outperform
maintain
$188 -> $189
Reason
Keefe Bruyette analyst Kyle Voigt raised the firm's price target on Ares Management to $189 from $188 and keeps an Outperform rating on the shares.
Equal Weight
downgrade
$178 -> $175
Reason
Morgan Stanley lowered the firm's price target on Ares Management to $175 from $178 and keeps an Equal Weight rating on the shares. The firm updated its price targets for Alternative Asset Mgrs, North America under its coverage, the analyst tells investors. While credit concerns will likely dominate near-term market valuations, capital markets rebound is on track, the firm adds.
About ARES
Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. It has operations across North America, South America, Europe, Asia Pacific and the Middle East.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.