Blue Owl Capital price target lowered to $25 from $26 at Oppenheimer

Oppenheimer analyst Chris Kotowski lowered the firm’s price target on Blue Owl Capital (OWL) to $25 from $26 and keeps an Outperform rating on the shares. The firm notes the company reported Q2 after-tax distributable earnings of 21c per share, slightly ahead of its 20c but in line with consensus. The market’s reaction to the numbers was tepid but Oppenheimer thought that on balance it was a very solid quarter.