TD Cowen analyst Bill Katz lowered the firm’s price target on Blue Owl Capital (OWL) to $21 from $30 and keeps a Buy rating on the shares. Ahead of the Q1 reports, the firm reduced estimates for asset managers and retail brokers, and increased numbers for the exchanges. Charles Schwab (SCHW) remains TD’s top overall pick, followed by Apollo Global (APO). The analyst also added Janus Henderson (JHG) to the firm’s top three picks, replacing Blackstone (BX).
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Read More on OWL:
- Citi cuts Blue Owl target, opens ‘downside’ short-term view
- Blue Owl Capital price target lowered to $19 from $22 at Wells Fargo
- Blue Owl Capital price target lowered to $21 from $27 at Piper Sandler
- Citi cuts Blue Owl target, opens ‘negative catalyst watch’
- Blue Owl Capital price target lowered to $28 from $32 at Citizens JMP
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