Blue Owl Capital price target lowered to $15 from $21 at Piper Sandler

Piper Sandler analyst Crispin Love lowered the firm’s price target on Blue Owl Capital (OWL) to $15 from $21 and keeps an Overweight rating on the shares. The firm notes Blue Owl shares traded down in what was another tough day for the alts, but it was a relative outperformer versus the group. While the revenue growth outlook should decelerate below investor day targets, Blue Owl showed its ability to grow margins on expense discipline, Piper adds.