Citi lowered the firm’s price target on Blue Owl Capital (OWL) to $19 from $23 and keeps a Buy rating on the shares. The firm cut targets in the alternative asset manager space citing negative investor sentiment. However, Citi remains positive on the group on expectations for continued capital markets improvements going forward.
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Read More on OWL:
- Blue Owl Capital put volume heavy and directionally bearish
- Blue Owl Capital price target lowered to $22 from $23.50 at Piper Sandler
- Blue Owl Capital call volume above normal and directionally bullish
- Blue Owl Capital price target lowered to $21 from $23 at Barclays
- Blue Owl Capital price target lowered to $27 from $29 at BofA