JPMorgan lowered the firm’s price target on Blue Owl Capital (OWL) to $10.50 from $19 and keeps a Neutral rating on the shares. M&A activity appears to have slowed as of late, notes the analyst, who is adjusting estimates had of Blue Owl’s Q1 report. Transaction activity is likely seasonally slower in Q1 and geopolitcal and macro events are likely to weigh on Q2, the analyst tells investors in a preview.
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